Advertisements
Advertisements
Question
Define of Explain the following concept.
Net earnings from foreign trade
Advertisements
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.
shaalaa.com
Is there an error in this question or solution?
