Weegy: trade 1. The business of buying and selling commodities; commerce. See Synonyms at business. 2. The people working in or associated with a business or industry: a textile-exporting publication for the trade. 3. The customers of a specified business or industry; clientele. 4. The act or an instance of buying or selling; transaction. 5. An exchange of one thing for another. 6. An occupation, especially one requiring skilled labor; craft: the building trades, including carpentry, masonry, plumbing, and electrical installation. 7. The trade winds. Often used in the plural with the.
User: absolute advantage
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Balance of trade is the difference in value between the total exports and total imports of a nation during a specific period of time.
Added 5/26/2014 8:14:33 AM
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Absolute advantage is the ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
Added 5/26/2014 8:15:03 AM
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