What is the Definition of Balance of trade?

What is the Definition of Balance of trade?

the net sum of imports and exports of visible goods. Forms part of the balance of payments along with the same calculation for invisibles.

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Label: Geography
Theme: Dictionary of Geography Terms

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What is the Definition of Balance of trade in Geographic Terms?

You can find other random definition and meaning of geographic terms below:


What is the meaning of Super-Saturation

Atmospheric condition where saturation occurs at a relative humidity greater than 100% because of a shortage of deposition or condensation nuclei.


What is the meaning of Supercooled Water

Cooling of water below 0° Celsius without freezing. Common in clouds where there is a deficiency of condensation nuclei.


What is the meaning of Sunspot

Dark colored region on the Sun that represents an area of cooler temperatures and extremely high magnetic fields.


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