balance of invisible trade


balance of invisible trade
balance of invisible trade ECON Dienstleistungsbilanz f

Englisch-Deutsch Fachwörterbuch der Wirtschaft . 2013.

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  • balance of trade — /ˌbæləns əv treɪd/ noun a record of the international trading position of a country in merchandise, excluding invisible trade. Also called trade balance …   Dictionary of banking and finance

  • invisible exports — Such items in a national trade balance as money spent by tourists from abroad, etc (as opposed to visible exports, goods sold abroad by traders) • • • Main Entry: ↑export …   Useful english dictionary

  • Invisible hand — The invisible hand is a metaphor coined by the economist Adam Smith. Once in The Wealth of Nations and other writings, Smith demonstrated that, in a free market, an individual pursuing his own self interest tends to also promote the good of his… …   Wikipedia

  • Invisible balance — The invisible balance or balance of trade on services is that part of the balance of trade that refers to services and other products that do not result in the transfer of physical objects. Examples include consulting services, tourism, and… …   Wikipedia

  • balance of payments —    Spain s balance of payments shows the usual cycle of oscillations between surplus years and deficit years. From the early 1960s to the early 1970s there was generally a surplus. But Spain s dependence on imported oil changed the situation… …   Encyclopedia of contemporary Spanish culture

  • balance of trade — The accounts setting out the results of a country s trading position. It is a component of the balance of payments, forming part of the current account It includes visibles (i. e. imports and exports in physical merchandise) but not invisible… …   Big dictionary of business and management

  • visible trade — ▪ economics       in economics, exchange of physically tangible goods between countries, involving the export, import, and re export of goods at various stages of production. It is distinguished from invisible trade, which involves the export and …   Universalium

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