Home > Term: balance of trade
balance of trade
The difference in value between the exports and the imports of a country, and said to be in favour of the country whose exports exceed in value the imports in that respect.
- Part of Speech: noun
- Industry/Domain: Language
- Category: Encyclopedias
- Organization: Project Gutenberg
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Creator
- JohannesDD
-
(V.I.P) 14638 points - 100% positive feedback
(Sydney, Australia)
