Description: Trade Surplus And Deficit Explained, Imports, Exports, and Exchange Rates: Crash Course Economics #15, Current Account Surplus - Causes and Consequences, Surplus v Deficit, Understanding Trade Deficits, WHAT IS TRADE SURPLUS? Straight to the Point #STTP #22
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The commercial balance or net exports (sometimes symbolized as NX ), is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided i
Trade, in general connotation, means the purchase and sales of commodities. In International Trade, purchase and sale are replaced by imports and exports. Balance of Trade is simply the difference between the value of exports and value of imports. Thus, the Balance of Trade denotes the differences of imports and exports of a merchandise of a country during the course of year. It indicates the value of exports and imports of the country in question. If the value of its exports over a period exceeds its value
Trade Surplus And Trade Deficit Trade Surplus and Deficit Explained Trade Surplus Trade Deficit What is Trade Surplus What is Trade Deficit Trade Surplus vs Trade Deficit