Saved Bookmarks
| 1. |
What is meant by Balance of trade ? |
|
Answer» Balance of trade is related to only visible items. Difference between the value of total visible exports and imports of a country is called ‘Balance of Trade’ of that country. Visible items include physical goods as machine, cloth, cement, e.t.c Balance of Trade = [export of visible items] - [Import of visible Items] |
|