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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.

Synonyms

  • Visible Balance
  • Trade Gap
  • Trade Balance
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