word
trade balance
TRAYD BAL-unts
treɪd ˈbælənsListen
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Syllable breakdown
tradebalance
Dictionary meaning
the difference between the monetary value of a country's exports and its imports over a given period; when exports exceed imports the result is a trade surplus, and when imports exceed exports the result is a trade deficit; the trade balance is a component of the current account within the balance of payments, and persistent large deficits or surpluses are watched carefully by economists and policymakers because they reflect underlying competitiveness, savings patterns, and currency dynamics
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