the balance of trade

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İngilizce - İngilizce
trade balance
balance of trade
The difference between the monetary value of exports and imports in an economy over a certain period of time
balance of trade
A country's balance of trade is the difference in value, over a period of time, between the goods it imports and the goods it exports. The deficit in Britain's balance of trade in March rose to more than 2100 million pounds. The difference in value between the total exports and total imports of a nation during a specific period of time. the difference in value between the goods a country buys from abroad and the goods it sells abroad. Difference in value over a period of time between a nation's imports and exports of goods and services. The balance of trade is part of a larger economic unit, the balance of payments, which includes all economic transactions between residents of one country and those of other countries. If a nation's exports exceed its imports, the nation has a favourable balance of trade, or a trade surplus. If imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists. Under mercantilism a favourable balance of trade was an absolute necessity, but in classical economics it was more important for a nation to utilize its economic resources fully than to build a trade surplus. The idea of the undesirability of trade deficits persisted, however, and arguments against deficits are often advanced by advocates of protectionism
balance of trade
equality of trade between two countries (or states, etc.)
balance of trade
the difference in value over a period of time of a country's imports and exports of merchandise; "a nation's balance of trade is favorable when its exports exceed its imports
balance of trade
trade balance
the balance of trade

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    the Bal·ance of trade

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