Home » General Knowledge » Indian Economy

The difference between exports and imports is called-?

Correct Answer: balance of trade

Explanation:

The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.


← Previous Question Next Question→

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion