Foreign trade deficit
Foreign trade deficit is a deficit that occurs when businesses and individuals in the United States import more goods from foreign countries than are exported.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Foreign trade deficit. A deficit that occurs when businesses and individuals in the United States import more goods from foreign countries than are exported.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Foreign trade deficit. The situation that exists when a country imports more than it exports.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
