VISIBLE TRADE Meaning and
Definition
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Visible trade refers to the exchange of physical goods and products between countries that can be seen or measured, often referred to as merchandise trade. It includes the buying and selling of tangible items such as raw materials, finished goods, and manufactured products which are physically transported across borders. Visible trade transactions involve the import and export of goods, giving rise to trade balances.
Visible trade is an essential component of international trade and plays a significant role in the global economy. It allows countries to specialize in the production of goods that they have a comparative advantage in, and through trade, acquire goods that they may lack. Visible trade provides a means for countries to access resources, increase productivity, and enhance the standard of living for their citizens.
Trade statistics for visible trade are typically recorded in a country's balance of trade or trade balance, which measures the difference between the value of its imports and exports. A positive trade balance or trade surplus occurs when a country exports more goods than it imports, while a negative trade balance or trade deficit results when imports exceed exports.
Visible trade can be influenced by various factors, including changes in production costs, exchange rates, government policies, and global economic conditions. It is often subject to regulations and barriers such as tariffs, customs duties, quotas, and trade agreements, which can impact the flow of goods and international trade relationships.
Common Misspellings for VISIBLE TRADE
- cisible trade
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- fisible trade
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- vjsible trade
- vksible trade
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- v9sible trade
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- vixible trade
- vidible trade
- vieible trade
- viwible trade
- visuble trade
- visjble trade
- viskble trade
- visoble trade
Etymology of VISIBLE TRADE
The phrase "visible trade" is not derived from a specific etymology, as it is a descriptive term rather than a distinct word with a unique origin. It is a combination of two words: "visible" and "trade".
1. Visible: The word "visible" comes from the Latin word "visibilis", which means "that which can be seen". It is derived from the Latin verb "videre", meaning "to see". The term "visible" refers to something that is perceptible by the eyes or can be observed.
2. Trade: The word "trade" originated from the Old English word "træd", which meant "path" or "track". It evolved to refer to the exchange of goods and services between individuals, communities, or countries.
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