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balance of trade

Definition of balance of trade in English:

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.
See parent entry: balance

Definition of balance of trade in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words