An unfavourable balance of trade for a country means that her?
Answer Details
An unfavorable balance of trade for a country means that its imports exceed its exports.
Imports are goods and services that a country buys from other countries, while exports are goods and services that a country sells to other countries. When a country's imports exceed its exports, it means that it is spending more money on buying goods and services from other countries than it is earning from selling its own goods and services to other countries.
This can lead to a number of economic problems, such as a decrease in the country's foreign exchange reserves, a decrease in the value of its currency, and a decrease in the country's overall economic growth. Therefore, countries try to maintain a favorable balance of trade, where their exports exceed their imports, to ensure the health and stability of their economy.