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Merchandise Trade
The act of buying, selling, or exchanging goods and commodities across domestic or international borders.
Merchandise Trade Deficit
A situation where a country's imports of goods exceed its exports of goods, leading to a negative balance in trade for merchandise.
Overall Trade Deficit
The scenario where a country's total imports exceed its total exports, indicating a negative balance of trade.
Trade Deficit
A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.
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