![Difference Between Balance of Payment and Balance of Trade | Definition, Formula, Similarities and Differences Difference Between Balance of Payment and Balance of Trade | Definition, Formula, Similarities and Differences](https://i1.wp.com/pediaa.com/wp-content/uploads/2016/08/Difference-Between-Balance-of-Payment-and-Balance-of-Trade-infographic.png?resize=450%2C760)
Difference Between Balance of Payment and Balance of Trade | Definition, Formula, Similarities and Differences
![Balance of Trade The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. - ppt download Balance of Trade The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. - ppt download](https://slideplayer.com/slide/3572090/12/images/2/Balance+of+Trade+A+positive+balance+of+trade+is+known+as+a+trade+surplus+and+consists+of+exporting+more+than+is+imported%3B.jpg)
Balance of Trade The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. - ppt download
![Difference Between Balance of Trade and Balance of Payments (with Comparison Chart) - Key Differences Difference Between Balance of Trade and Balance of Payments (with Comparison Chart) - Key Differences](https://keydifferences.com/wp-content/uploads/2015/07/bot-vs-bop1.jpg)