The difference in value between a country’s imports and exports: a country with a worsening balance of trade in manufactured products
More example sentences
- It is also in recognition of the importance of Namibia's fisheries sector in terms of GDP contribution, balance of trade and employment opportunities.
- In theory, a declining dollar should help the U.S. balance of trade by making imports relatively more expensive to Americans and exports relatively inexpensive to foreigners.
- Labor theories of value shifted concern from the balance of trade to the costs of labor and the cost of tax on the wage.
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