What is the Definition of Balance of payments?
What is the Definition of Balance of payments?
net sum of a country income from and expenditure on foreign trade which can run to a surplus or a deficit.
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Label: Geography
Theme: Dictionary of Geography Terms
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What is the Definition of Balance of payments in Geographic Terms?
You can find other random definition and meaning of geographic terms below:
What is the meaning of Surface Tension
Tension of a liquid's surface. Due to the forces of attraction between molecules.
What is the meaning of Surface Creep
The sliding and rolling movement of soil particles on the Earth's surface because of wind. Eolian process of soil particle movement.
What is the meaning of Surface Heat Flux
Process where heat energy is transferred into land and ocean surfaces on the Earth. Much of this transfer takes place when solar radiation absorbed at the land or ocean surface is converted into heat energy. On land surfaces, surface heat is transfered down into the ground by conduction. Heat energy is transfered to greater depths in ocean surfaces because liquids have the ability mix by convection. Heat energy stored in ocean waters can also move quickly over large horizontal distances in a poleward direction through ocean currents.
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