Meaning Of The Word Balance of trade
What's the definition of Balance of trade? Find Balance of trade meanings, definitions and more at the Real Dictionary online.
Balance of trade Meaning
| Balance of trade Definition |
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What's The Definition Of Balance of trade?
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. balance of trade in American English the difference in value between all the merchandise imports and exports of a country noun: the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports balance of trade in British English noun: the difference in value between total exports and total imports of goods |
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