Balance of Trade Meaning in Bengali: বাণিজ্য সম্পর্কের সমতা (noun, pronunciation: bāṇijya sambandher samatā)
Definition of Balance of Trade
The balance of trade refers to the difference between the value of a country’s exports and imports over a specific period. It is a key component of the balance of payments, which measures all economic transactions between a country and the rest of the world. A positive balance of trade occurs when a country’s exports exceed its imports, resulting in a trade surplus. Conversely, a negative balance of trade indicates that a country is importing more than it is exporting, leading to a trade deficit.
Synonyms of Balance of Trade
- Trade balance (বাণিজ্য সমতা, noun)
- Net exports (নেট রপ্তানি, noun)
- Commercial balance (বাণিজ্যিক সমতা, noun)
- Trade surplus (বাণিজ্য উদ্বৃত্তি, noun)
- Trade deficit (বাণিজ্য ঘাটতি, noun)
Antonyms of Balance of Trade
- Trade surplus – বাণিজ্য ঘাটতি (noun)
- Trade deficit – বাণিজ্য উদ্বৃত্তি (noun)
Origin of Balance of Trade
The concept of balance of trade originated in the 16th century when European nations began to engage in international trade. It was initially used to measure the economic strength of a country and its ability to accumulate wealth through exports. Over time, the balance of trade became an important indicator of a country’s economic performance and its impact on domestic industries.
Nearby Words
- Balance sheet – noun
- Balance of power – noun
- Balance of payments – noun
- Balance wheel – noun
- Balance point – noun
Balance of Trade in Literature Quotes
- “The balance of trade is not a balance of power, and the trade balance is not a balance of trade.” – Thomas Friedman (বাণিজ্য সমতা শক্তির সমতা নয়, এবং বাণিজ্য সমতা বাণিজ্য সমতা নয়।)
- “The balance of trade will never be equal if the balance of power is unequal.” – John F. Kennedy (বাণিজ্য সমতা কখনও সমান হবে না যদি শক্তির সমতা অসমান হয়।)
Balance of Trade Meaning in Different Languages
- Bengali: বাণিজ্য সমপর্কের সমতা
- Hindi: वाणिज्य व्यापार का संतुलन
- Nepali: व्यापार संतुलन
- Urdu: تجارت کا توازن
- Tamil: வர்த்தக வரம்பு
- Telugu: వాణిజ్య వరము
- Arabic: توازن التجارة
- Chinese: 贸易平衡
- Japanese: 貿易収支
- Russian: Баланс торговли
For more information, you can visit wikipedia.org, dictionary.com, and thefreedictionary.com.