Balance of payments is a record of economic transactions between the residents of on…
Balance of trade represents the difference between visible exports and imports of a …
Balance of Trade: The balance of trade is the difference between the values of exp…
The ratio of exports to imports is called terms of trade (TOT). The concept of terms…
International Trade: The exchange of goods and services between countries is calle…
Bertil Ohlin believed that there is a little difference between Inter-Regional Trade…
Ricardo expounded the theory of comparative advantage without explaining the ratios …
Ohlin’s theory of international trade departs from the classical theory in the follo…
The modern theory of international trade is an extension of the general equilibrium …
The SAARC came into being in December 1985. The SAARC comprises Pakistan , India , S…
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