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Give meaning of Balance Of Trade.

+1 vote

asked Mar 9, 2019 in Class 12 by kratos

Give meaning of Balance Of Trade.

open economy
class-12
balance of payments
cbse

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1 Answer

+4 votes

answered Mar 3, 2020 by kratos

Best answer

Balance of trade refers to difference between the amounts of exports and imports of visible items (goods).

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