| 单词 | balance of trade |
| 释义 | balance of trade balance of trade (also trade balance, visible balance) noun [C, usually sing.]
(Economics ) the difference in value between imports and exports of goods over a particular period: If we sell more than we buy, we have a favourable balance of trade. a balance-of-trade deficit (= when a country spends more on imports than it earns from exports) NOTE The balance of trade is an important part of a country's balance of payments. ⇨ VISIBLE TRADE
WHICH WORD?
balance of trade/balance of payments
A country's balance of trade includes imports and exports of goods only. Its balance of payments considers all business with other countries: imports and exports of goods, and money earned from or paid for services and investments, such as tourism or shares in companies. |
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