Give economic term : The difference between the value of a country’s exports and imports for a given period.
Q.1 (A) (v) Give economic term : The difference between the value of a country’s exports and imports for a given period.
1 answer
Best answer
Answer: Balance of trade
Balance of trade = value of visible exports − value of visible imports. It is favourable (surplus) when exports exceed imports and unfavourable (deficit) when imports exceed exports.
Doubtly AI
· 28 Oct 2026
AI-generated · not yet verified
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.