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Trade deficit
TRADE DEFICIT

Definition: A situation in which the value of a country's imports is greater than the value of its exports.
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* All five elements should be in.


1. Situation is undesired by the government and citizenry.

2. Documentation, especially of imports do not include underhand or under-the-counter dealings such as overcharging, etc.

3. Efforts to reverse situation will be on and/or ongoing. (Connect to #5.)

4. Losses, disadvantages, etc. will occur or be suffered by country as a result of situation.

5. Lasts or will last for a period of time considered tolerable. That is, trade situation will eventually improve to one of equilibrium and then surplus.
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See perfect BALANCE OF TRADE.



Quote: "Generally trade deficits result from how resources are allocated in an interconnected global economy and are natural reflections of the global value chain and international division of labour". - Dr. Zhou Pingjing.

Quote: "The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things". - Ronald Reagan.

Quote: "An entrepreneur is someone who has a vision for something and a want to create". - David Karp.

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