Write a short note on balance of trade?????

1.	Write a short note on balance of trade?????
Answer» Explanation: Balance of Trade (BOT) is the DIFFERENCE in the value of all exports and IMPORTS of a particular NATION over a period of time. A positive or favorable trade balance occurs when exports EXCEED imports. A negative or unfavorable balance occurs when the opposite happens.

Answer»

Explanation:

Balance of Trade (BOT) is the DIFFERENCE in the value of all exports and IMPORTS of a particular NATION over a period of time. A positive or favorable trade balance occurs when exports EXCEED imports. A negative or unfavorable balance occurs when the opposite happens.

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Write a short note on balance of trade?????

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