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Define "Trade Surplus" and "Trade Deficit". - Economics

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प्रश्न

Define "Trade surplus" and "Trade Deficit".

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उत्तर

1. Trade Surplus: Trade surplus refers to the situation in which the export of goods and services exceeds the import of goods and services of a country. 
Exports of Goods and Services > Imports of Goods and Service ⇒ Trade Surplus
2. Trade Deficit: Trade deficit refers to the situation in which the export of goods and services falls short of the imports of goods and services of a country. 
Exports of Goods and Services < Imports of Goods and Service ⇒ Trade Deficit
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2018-2019 (March) 58/2/1
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