Balance of trade. The difference in money value between sales and purchases; in foreign trade
the difference in money value between exports and imports.
As commonly used the term balance of trade signifies the balance or difference in favor of a
country, for instance, the United States as against the rest of the world; or in favor of the rest of
the world and against that country. To be exact the term balance of international trade should be
employed, although it seldom is.
the difference in money value between exports and imports.
As commonly used the term balance of trade signifies the balance or difference in favor of a
country, for instance, the United States as against the rest of the world; or in favor of the rest of
the world and against that country. To be exact the term balance of international trade should be
employed, although it seldom is.
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