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Definition of Balance of trade
1. Noun. The difference in value over a period of time of a country's imports and exports of merchandise. "A nation's balance of trade is favorable when its exports exceed its imports"
Definition of Balance of trade
1. Noun. (economics trade) The difference between the monetary value of exports and imports in an economy over a certain period of time. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Balance Of Trade
Literary usage of Balance of trade
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Cambridge Modern History by Adolphus William Ward, George Walter Prothero (1909)
"The balance of trade actually became as great a fetish as the balance of power,
and demanded from its votaries as many sacrifices and as much blood. ..."
2. Principles of Political Economy by Charles Gide (1902)
"What is meant by the Balance of Trade. Since all international trade tends to
... The balance of trade (that is the orthodox phrase) leans sometimes to the ..."
3. The Imperial Gazetteer of India by Sir William Wilson Hunter (1886)
"Summary of Indian exports, 1700-1885 India's balance of trade. What she does with
the balance. COMMERCE AND TRADE. there is a much larger aggregate of ..."
4. An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam ( Smith, Joseph Shield Nicholson (1895)
"They were sophistical, too, perhaps, in asserting that the high price of exchange
necessarily increased what they called the unfavourable balance of trade ..."
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