Balance Of Trade (Noun)
Meaning
The difference in value over a period of time of a country's imports and exports of merchandise; "a nation's balance of trade is favorable when its exports exceed its imports".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The country's balance of trade has been a major concern for the government, as it has been consistently unfavorable for the past decade.
- A favorable balance of trade is often seen as a sign of a strong and competitive economy.
- The economist argued that a country's balance of trade is not the only indicator of its economic health.
- The government has implemented policies aimed at improving the balance of trade by increasing exports and reducing imports.
- A deficit in the balance of trade can lead to a decrease in a country's foreign exchange reserves.