“I have found that the happiest people are those who do the most for others; the most miserable are those who do the least.”
This quote is from, Up From Slavery, By: Booker T. Washington (Amazon).
smart ideas from books (mostly)
“I have found that the happiest people are those who do the most for others; the most miserable are those who do the least.”
This quote is from, Up From Slavery, By: Booker T. Washington (Amazon).
[This is part of the series: The Complete Guide To Economics 101.]
What is a trade deficit?
Pretty simple.
A Trade Deficit is when a nation’s imports are greater than its exports.
This is obviously the opposite of a Trade Surplus.
Trade Deficits and Trade Surpluses must balance in the long-run, so try to not be overly concerned with either.