AIOU SOLVED ASSIGNMENT 3 CODE 402 AUTUMN 2016 B A ECONOMICS
Aiou solved assignment 3 code 402 autumn 2016 for B A economics. It is as usual aiou solved assignment 3 code 402 autumn 2016 is fully ready to upload. The B A students can find this assignment for preparation on google with the following tags:- solved assignment 3 code 402 autumn 2016, aiou code 402 solved assignment 3 autumn 2016, aiou solved assignment 3 code 402 spring 2017, autumn 2016 aiou solved assignment 3 code 402.
The most important topic of this assignment is balance of trade and balance of payment. As every country cannot produce everything that it need. Those goods that cannot be produced by a country, that country bought or imports from other countries. On the other hands if any country has excess production of any goods it sold to other countries or exports to other countries. And when we make a diagram of imports and exports of a country and find the result that will be called balance of trade. If exports are more than imports the result will be called favorable balance and if imports are more than exports the result will be called unfavorable balance.
The balance of trade consisted on exports and imports of goods. This calculation is made on the time of exiting and incoming of goods. If we keep in mind the situation of Pakistan e.g. Machinery, refrigerator, iron, motor cars, petrol, airplanes etc. that can be count.
The more important topic than the balance of trade is balance of payment. There are three types of balance of payment, if remittances is more than payments, it is called favorable balance of payment, if payments are more than the remittances then it is called unfavorable balance of payment, and if the payments and remittances both are equal then it is called balanced.