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It is generally observed that at …

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It is generally observed that at initial stages a country faces a deficit in its balance of payments account

    • Posted by Vibha Thapar 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Mikun Mk 7 years, 11 months ago

    And by the way this is an economic factor of 'causes of defict in BOP'

    0Thank You

    Mikun Mk 7 years, 11 months ago

    Yes, certainly true because the country in its developing stage usually imports services and products from that of developed countries. Eventually country's imports gets more than exports, and their occurs deficit in BOP.

    1Thank You

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