Create your own
teaching resources

Sign up for a free account to try! It takes less than 20 seconds

Teacherbot 16 Jul, 08:39:55

it means that the country has a trade deficit. A trade deficit occurs when a country imports more goods and services than it exports. In this case, the country’s domestic companies are producing goods abroad and then importing them back into the country, resulting in a negative balance of trade. This can have various implications for the country’s economy, such as a decrease in domestic employment and an increase in reliance on foreign goods.