BOT VS BOP | INTERNATIONAL ECONOMICS | LEARN OIKONOMIA

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This video discusses BOT VS BOP
#BOTVSBOP #bot #bop #learnoikonomia #economics #internationaleconomics
The balance of trade is the distinction between the value of a nation’s imports and exports for a given time frame. The BoT is the largest constituent of a nation’s balance of payments. Economists utilise the BoT to compute the associative potency of a nation’s economy. The BoT is also known as the trade balance or the international trade balance.

Balance of payment
The balance of payment is a statement of all the transactions that are made between entities in one nation and the rest of the world over a particular time frame, such as a quarter or a year.

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