a measurement of a country’s position in international trade, which compares the prices of the goods it sells to other countries with the prices of the goods it buys from other countries
Synonyms and related words
International trade
balance of payments
balance of trade
blockade
terms of trade
noun plural business
US
DEFINITIONS1
1
a measurement of a country’s position in international trade, which compares the prices of the goods it sells to other countries with the prices of the goods it buys from other countries