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balance of trade

1 ENTRIES FOUND:
balance of trade noun
balance of trade
noun
Learner's definition of BALANCE OF TRADE
[singular]
: the difference between the amount of money that a country spends on its imports and the amount that it earns from its exports国际贸易差额

balance of trade

noun phrase

: the difference in value over a period of time between a country's imports and exports

Word History

First Known Use

1668, in the meaning defined above

Time Traveler
The first known use of balance of trade was in 1668

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