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What do you mean by adverse balance of payments? - Economics

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प्रश्न

What do you mean by adverse balance of payments?

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उत्तर

An adverse (unfavorable) balance of payments happens when a country’s total earnings from other countries are less than the total amount it has to pay them due to its economic dealings with those countries.

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पाठ 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४८३]

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फ्रँक Economics [English] Class 12 ISC
पाठ 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 211. | पृष्ठ ४८३
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