OCR Text |
Show Nation's "Balance of Trade." "Balance of trade" is an expression used by political economists to Indicate Indi-cate the difference between the value of the exports and Imports of a country. coun-try. This theory of the balance of trade grew out of the mercantile theory, which considers the possession of gold to be the chief object of trade. Hence, there rose the belief that a nation na-tion Increases In wealth to the extent that the money tulue of its exports exceeds that of Imports. |