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  • International Trade

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    salma srati
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    Visible trade refers to the importing and exporting of physical goods that can be touched, such as raw materials or finished products, and involves the exchange of goods at every stage of production. This contrasts with invisible trade, which involves trading intangible services internationally rather than physical items. A country's current account balance is calculated based on the total exports and imports of both visible and invisible goods and services, with a surplus occurring when exports are greater than imports and a deficit when imports are larger than exports.

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    Visible trade refers to the importing and exporting of physical goods that can be touched, such as raw materials or finished products, and involves the exchange of goods at every stage of production. This contrasts with invisible trade, which involves trading intangible services internationally rather than physical items. A country's current account balance is calculated based on the total exports and imports of both visible and invisible goods and services, with a surplus occurring when exports are greater than imports and a deficit when imports are larger than exports.

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    14 views3 pages

    International Trade

    Uploaded by

    salma srati
    Visible trade refers to the importing and exporting of physical goods that can be touched, such as raw materials or finished products, and involves the exchange of goods at every stage of production. This contrasts with invisible trade, which involves trading intangible services internationally rather than physical items. A country's current account balance is calculated based on the total exports and imports of both visible and invisible goods and services, with a surplus occurring when exports are greater than imports and a deficit when imports are larger than exports.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    • What is visible trade?

    Definition and meaning


    • Visible trade, in economics, is the importing and exporting of physical goods, products that
    you can touch. The product being traded could be a raw material such as coal, oil or wood, or
    the finished product, such as a car or smartphone. Visible trade refers to the exchange of
    physical goods in every stage of production. They are also known as international
    merchandise transactions.
    • Visible trade contrasts with invisible trade, which involves trading internationally with
    intangible or abstract items – things you cannot touch, usually referred to as services.
    • A nation’s current account balance is the total exports of visible and invisible products, minus
    all visible plus invisible imports. If an economy exports more than it imports it has a trade
    surplus. A trade deficit occurs when imports are greater than exports

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