Balance of trade
Which transactions find out the balance of trade? When the balance of trade is in surplus?
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Exports of goods and imports of goods find out BOT. Whenever the value of exports of goods is bigger than the value of imports of goods.
I NEED TO UNDERSTAND MORE ABOUT International product life cycle
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Deficit in balance of trade point: Deficit in balance of trade points out that the imports of good are bigger than exports.
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