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Difference between balance of payments and …

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Difference between balance of payments and balance of trade

Posted by Pradisha Shukla 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Nagasaki Ali 6 years, 5 months ago

Bot is the difference between the amount of import and export Bopis the record of accounting statements which are done between the people of home country and rest of the world

Ridhima A 6 years, 6 months ago

The balance of trade is a part of balance of payment. Balance of trade simply deals with the export and import of goods. Balance of trade doesn’t include any services (not even the import and export of services; we have a different name for that). Balance of payment, on the other hand, is a much broader concept. It includes the balance of trade, the balance of services, balance of unilateral transfers, and balance of payment on capital account.???????

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