Examlex
Improving the education level of the labor force will
Trade Deficit
A condition in which the total cost of goods and services a country buys from abroad is greater than the total cost of goods and services it sells to other countries.
Trade Surplus
A trade surplus occurs when a country exports more goods and services than it imports, indicating a positive balance of trade.
Goods
Tangible items that are produced or manufactured and can be bought, sold, or traded.
Services
Intangible products that are produced and consumed at the same time, offering value without transferring ownership.
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