Trade deficit
trade deficit definition
The condition that exists when the value of what a country imports exceeds the value of what it exports; also called an unfavorable balance of trade.
Note: Trade deficits, because they imply that capital is leaving a country, can cause higher interest rates.
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- Trade-dollar
noun 1. a silver coin of the U.S., containing slightly more silver than the standard dollar, issued from 1873 to 1885 for trade with the Orient.
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noun 1. an edition of a book for distribution through general bookstores.
- Trade gap
noun 1. the amount by which the value of a country’s visible imports exceeds that of visible exports; an unfavourable balance of trade