Maharashtra State BoardHSC Arts 12th Board Exam
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Define of Explain the Following Concept. Net Earnings from Foreign Trade - Economics

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 Define of Explain the following concept. 

Net earnings from foreign trade  

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Solution

 Net earnings from foreign trade refers to the net eanings or income from the international trade or abroad. It implies the net export value (X-M) or the net reciepts (R-P). This figure is added while calculating gross national product at market price.

Concept: Concept of National Income
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