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3241004551 [841]
3 years ago
8

What is the balanced of trade and why did countries want a favorable balance of trade?

History
1 answer:
rjkz [21]3 years ago
6 0

The balance of trade is the difference between the monetary value of a nation's exports and imports over a period of time. Nations want to ensure they have a favorable balance of trade in order balance trade between themselves and other nations. Unfavorable balances mean a lack of equilibrium between imports and exports.

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