balance of trade
1 ENTRIES FOUND:
balance of trade
noun
balance of trade
noun
Britannica Dictionary definition of BALANCE OF TRADE
[singular]
:
the difference between the amount of money that a country spends on its imports and the amount that it earns from its exports
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Each nation tries to maintain a favorable balance of trade with other countries. [=they try to earn more from their exports than they spend on their imports]
