Trade deficit
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
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
