# Definition - Trade Deficit To discuss the issue intelligently we must first come up with a definition for a trade deficit. In the simplest terms: _A nation incurs a trade deficit when it exports less than it imports._ # Problems with the Definition ![[Nature of Exchange#Nature of Exchange]] ![[Measure of Trade#Measure of Trade]] Posted::![[Fallacy of Trade Deficits]] ![[Trade Deficit]] [Explain The Trade Deficit](obsidian://open?vault=Substack&file=Production%2FExplain%20The%20Trade%20Deficit) --- # References [[Explain The Trade Deficit]] > [!Info]- Ignore dataview >## Backlink >Ignore this dataview. Plugins don't work on the website >```dataview Table Status, type as "Type" from [[]] and !outgoing([[]]) sort file.name asc >```