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13 April, 18:51

Which describes the difference between a trade surplus and a trade deficit?

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  1. 13 April, 19:36
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    Deficit actually means deficiency or less, while surplus means abundance or more. In financial terms, trade deficit means that the imports of a country or a region are more than its exports; hence the overall trade worth of the respective country or region decreases with passage of time. While trade surplus means that the country or a region exports are greater than its imports, hence the overall trade worth of the respective country or region increases with passage of time.
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