Concept information
Preferred term
trade balance
Definition
- The balance on the goods trade in a nation's current account is known as the balance of trade, or trade balance. The current account includes all international economic transactions with income or payment within the year; the goods trade records all transactions involving merchandise or goods. [Source: Encyclopedia of Business in Today's World; Trade Balance]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/trade_balance
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