Trade deficit

From CNM Wiki
Jump to: navigation, search

Trade deficit is a phenomenon that occurs when a country imports more goods from abroad than it exports.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Trade deficit. Occurs when a country imports more goods from abroad than it exports.

According to Principles of Economics by Timothy Taylor (3rd edition),

Trade deficit. When imports exceed exports.

Related concepts

Related lectures