Username: Andrew Rating: Asked to: Apinya Kamon Date Created: 23 Oct 2015 |
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Category | 17 |
Tag | Financial |
Question | What does balanced trade mean? |
Hello Andrew, A condition in which an economy runs neither a trade surplus or a trade deficit. Under a balanced trade scheme between two countries, each country will agree to purchase as many goods as it sells to the other. A country looking to achieve balanced trade may use tariffs or barriers to trade to ensure that other countries purchase its goods. |
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