The Balance of Trade is one of the accounts that constitutes a country's Balance of Payments. This account registers all the transactions which involve sales or purchases of goods or services performed by the nation analyzed and a foreign party.
If the amount of imports equals the amount of exports, a balance is reached. Otherwise:
<u>If exports are greater than imports: there is a trade surplus in the Balance of Trade and the country will have net savings. This is the case in China. </u>
If exports are smaller than imports: then there is a trade deficit in the Balance of Trade and the country will need to seek for financing to cover that difference.
<span>Indoctrination involves forcibly causing people to act and think on the basis of a certain ideology. It
can make children adherent to the totalitarian political system and thus
enhance its development. This is usually achieved through propaganda, education
programs and censorship.</span>
