The trade balance
Example: Trade balance measures difference between exports and imports of goods
Definition
"The trade balance" measures the difference between the value of a country's exports and imports of goods over a certain period. A positive trade balance indicates more exports than imports, while a negative one shows the opposite, reflecting the country's economic interactions globally.
Etymology
The term "the trade balance" originates from economic terminology where 'trade' refers to the buying and selling of goods and services, and 'balance' signifies the difference or equilibrium between two quantities. It evolved to describe the net difference between exports and imports, essential for understanding international economic relations.
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"The trade balance" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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