This is the difference between value of country’s visible exports and visible imports over a period of time. If the value of visible/tangible export is higher than the value of visible/tangible imports, then the country experiences favourable terms. If less than the invisible value, then the country is experiencing unfavourable. The country is at equilibrium if the value of visible export and import is the same
(Visited 8 times, 1 visits today)
Related Posts
-
Balance of paymentsThis is the difference in the sum of visible and invisible export and the visible…
-
TRIAL BALANCEA trial balance is a statement prepared at a particular date showing all the debit…
-
-
Forms of Home TradeRetail Trade -Retail trade involves the buying of goods and selling them to the final…
-
Terms of TradeThis refers to the rate at which the country’s export exchanges with those from other…
-
Classification of TradeOn the basis of geographical location of the portion involved, These are: Home trade-Also called…
