ECONOMICS
XII-(2023-24)
P
,Balance of Trade:
It is the difference between the valu
goods exported and value of goods
imported.
BOT = Export value – Import value
[Only Tangible/ Visible goods]
It is a Narrow concept as Compared
Balance of payments.
, It is a statement that records all
economic transactions of a country
with rest of the world.
Visible items: It includes all types of phy
exported & imported. These are seen cro
borders. e.g. Machines and many other t
goods.
XII-(2023-24)
P
,Balance of Trade:
It is the difference between the valu
goods exported and value of goods
imported.
BOT = Export value – Import value
[Only Tangible/ Visible goods]
It is a Narrow concept as Compared
Balance of payments.
, It is a statement that records all
economic transactions of a country
with rest of the world.
Visible items: It includes all types of phy
exported & imported. These are seen cro
borders. e.g. Machines and many other t
goods.
