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| Average revenue is referred. In other words, it is the revenue that is obtained by the seller on selling each unit of the commodity. Average revenue of a business is obtained by dividing the total revenue with the total output. |
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| It's the opposite of depreciation, which reduces the value of an asset over its useful life. Increases in value can be attributed to interest rate changes, supply and demand changes, or various other reasons. |
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| These transactions include the imports and exports of goods and services, payments for investments, and transfers of money.The BOP consists of three main accounts: the current account, the capital account, and the financial account. |
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What is balance of trade in economics?
BALANCE OF TRADE: the difference in value over a period of time between a country's i
mports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union (e.g., dollars for the United States, pounds sterling for the United Kingdom, or euros for the European Union ...
BALANCE OF TRADE: the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union (e.g., dollars for the United States, pounds sterling for the United Kingdom, or euros for the European Union ...
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