BALANCE OF PAYMENT AND BALANCE OF TRADE.
Hey Guyz, Happy Monday. How was the weekend, mine
was cute, hope yours was lovely? Any way this is a new week and a new day to
live, learn and have fun. So let’s get started.
Balance
of Trade is the relationship between the values of a country’s
import and export of visible items within a particular period of time.
If Visible Exports are more than Visible Imports,
the Balance of Trade is said to be favorable. On the other hand, if the Visible
Import exceeds the Visible Exports,...
