trade deficit
A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.
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Related Concepts (22)
- balance of trade
- budget deficit
- budget deficits
- comparative advantage
- currency exchange rates
- current account
- current account deficit
- exports
- foreign direct investment
- free trade
- globalization
- imports
- international trade
- mercantilism
- protectionism
- tariffs
- trade agreements
- trade barriers
- trade imbalances
- trade policy
- trade surplus
- trade wars