Understanding Trade Deficit: Causes, Effects, and Solutions
Trade deficit is a term that is often used in discussions about international trade. But what exactly is a trade deficit? In simple terms, a trade deficit occurs when a country imports more goods and services than it exports. This means that the country is spending more money on imports than it is earning from exports. In this blog post, we will delve deeper into the concept of trade deficit, its causes, effects, and possible solutions.