balance of trade definition

  • noun:
    • The difference in price amongst the complete exports and complete imports of a nation during a particular time period.
    • The difference between the value of exports and imports in an economy over a specific time frame.
    • an equilibrium amongst the cash values for the exports and imports of a country; or higher commonly, the total amount needed on one part or even the various other in order to make such an equilibrium.
    • the difference in worth over a period of time of a country's imports and exports of merchandise

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