Balance of payment is a record of all economic transactions between a country and the rest of the world. It includes exports, imports, investments, and financial transfers. A positive balance means more money is coming in, while a negative balance shows more money going out. It helps in understanding a country’s economic health and trade relations. Monitoring it is important for makin... https://www.jaroeducation.com/blog/introduction-to-balance-of-payments-in-economics/