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Due to devaluation the balance of trade of a country improves in the long run. Balance of trade refers to import and export of merchandise goods of a country.
Devaluation means decresing the external face value of domestic currency at international market compare with other countries currency.
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Measures to correct the deficit in the balance of payments?
Measures to correct the deficit in the balance of payments include deflation, depreciation, and devaluation. In addition, there is exchange control.
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
Measures to correct the deficit in the balance of payments?
Measures to correct the deficit in the balance of payments include deflation, depreciation, and devaluation. In addition, there is exchange control.
How is balance of trade made plural?
The plural of balance of trade is "balances of trade."
Role of government in foreign trade?
Government restricts free-trade,and imposes tariffs and quota on the quantity of imported foreign products because it prevents local products from foreign competition.free-trade causes domestic products to suffer,as foreign products are of good quality but they become expensive due to tariff imposed by government,so people prefer domestic products.However if such tariffs are not imposed,the balance of trade and balance of payment will diminish which will cause devaluation of country 's currency rates.
How much profit did Sweden make in 2012?
Countries do not make a profit as such - they have a GDP (see related link) and a trade balance (see related link).
What is the difference between the balance of trade and the balance of payments?
the balance of trade is how much you receive the balance of payment is how much you pay
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What does social devaluation mean?
what does social devaluation mean
What Is Balance Of Trade Of India?
deffinition ofbalance of trade of India? what is balance of trade of India? give the detail this question.
Import export balance of trade?
Import-export balance of trade as captured in the Balance of Trade, is an economic measure of the country's imports ad exports, and their relationship.
Negative balance of trade?
A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit.
What is meant by invisible balance of trade?
Invisible balance of trade is the difference in value over a period of time of a country's imports and exports of services and payments of property incomes
What problem is most directly associated with a trade deficit?
More cash is leaving the country than is coming into the country is the primary problem with trade deficit. The trade deficit can have an impact on employment and incomes.
