Explain how do they impact the domestic economies

Reference no: EM1339524

Balance of Payments explained in this answer

The other significant indicator in international trade is the balance of payments. Summarize your understanding of micro- and macroeconomic theory in a discussion of the balance of payments and its effects on national and global economic systems.

How do the balance of trade and the balance of payments affect one another? Together how do they affect global commerce?

How do they impact the domestic economies of nations?

How do they affect individual business decisions?

Reference no: EM1339524

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