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Trade gap
TRADE GAP

Definition: (business) If a country imports goods worth more than the value of the goods that it exports this is referred to as a trade gap.
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* All five elements would be in.


1. An underground economy does not exist in the country. And/or a vibrant black market will be non-existent in the particular country.

2. The estimations and calculation that provides the statistics will be correctly done. That is, the invisible earnings of country will be recorded and taken into consideration in making comparisons.

3. The thing or things causing gap was/were not deliberately created or willfully encouraged as a direct consequence of labour protests, industrial shutdowns, walkouts, stoppages, go-slows, work-to-rule, budgetary provisions, etc.

4. Policies, reforms, programmes, plans, etc. that can restore some parity or help to bridge gap can be formulated and/or implemented.

5. Remains or lasts for a period of time that will be considered as reasonable or tolerable. That is, loss will not continue ad infinitum.
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See perfect ECONOMY (1).

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