Balance of trade Meaning, Definition & Usage
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noun the difference in value over a period of time of a country's imports and exports of merchandise
visible balance; trade gap; trade balance.
- a nation's balance of trade is favorable when its exports exceed its imports
WordNet
Definitions
(Pol. Econ.) , an equilibrium between the money values of the exports and imports of a country; or more commonly, the amount required on one side or the other to make such an equilibrium.
