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"We must ever observe this rule: to sell more . . . Yearly than we consume . . . In value" what does this quote mean

User Towi
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Answer:

makes an inference to the positive aspects of trade surplus.

Step-by-step explanation:

The quote "We must observe this: to sell more...Yearly than we consume...In vuale" has been quoted from the book "Thomas Mun: England's Treasure By Forraign Trade(1664)."

This quote simply makes an inference to the positive aspects of trade surplus in an economy. It says that a nation's wealth and economic success depend on its enhanced and successful Foreign Trade.

If a country"s export exceeds import, it means that the nation is successful and has trade surplus. Whereas, if import exceeds export, the nation is not successful as it needs to depend on other nations for its survival.

User Dreen
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