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What is Understanding Visible and Invisible Trade about?
Exports are goods and services sold to other countries, representing money flowing into a country. Imports are goods and services bought from other countries, representing money leaving a country. Visible exports and imports can be seen, touched, or weighed, while invisible trade involves services that cannot be seen like banking, insurance, and tourism. The balance of trade measures the difference between visible exports and imports, and is unfavorable if imports are greater than exports, or favorable if e
- Author
- Shubha Mangala
- Language
- EN