Balance of Trade
The balance of trade keeps track of how much stuff a country buys and sells to other countries.
- If a country buys more stuff than it sells, it has a negative or unfavorable balance of trade.
- But if it sells more stuff than it buys, it has a positive or favorable balance of trade.
- If a country has a negative balance, it can use up all its money reserves over time.
Chapter 8 International Trade| Class 12 Geography Notes
Class 12 Geography Notes: International Trade is an important topic in CBSE Class 12 Geography. These notes are created by subject experts to help students understand the topic easily. These notes cover important concepts like the significance of international trade, different types of trade, and concerns related to it.
With these notes, students can prepare well for their exams and improve their understanding of the subject.
Contact Us