Answer:
The
balance of trade of a country is the difference between its export and import.
In following situations it is favourable and unfavourable
(i) When the value of export exceeds the value of imports,
it is called a favourable balance of trade.
(ii) On the contrary, if the value of imports exceeds the
value of exports, it is termed as unfavourable balance of trade.
You need to login to perform this action.
You will be redirected in
3 sec
