Answer to Question #138687 in History for Asia A.

Question #138687
Why would exporting manufactured goods while importing raw materials result in a favorable balance of trade?
1
Expert's answer
2020-10-20T10:46:59-0400

This is because imported raw materials help in building new products locally thereby helping in bringing new and interesting products to the local economy while exporting manufactured goods helps in increasing the revenues of the local businesses thereby helping in enhancing the local economy thus creating a favorable balance of trade.


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