Final answer:
The term for the quantity of products a business has available for sale is supply. In international trade, exports are goods and services sold abroad, while imports are those bought from abroad. The balance of trade examines the difference between a country's exports and imports to determine surpluses or deficits.
Step-by-step explanation:
The term for how much of a product a business has for sale is supply. This refers to the total amount of goods or services that are available for purchase at any given time. In the context of international trade, goods and services that are produced domestically and sold to customers in another country are referred to as exports, while those which are produced abroad and sold domestically are known as imports. The Gross Domestic Product (GDP) of a country is a measure of the size of its economy and the total value of all goods and services produced within a year. When discussing the balance of trade, we consider the difference in value between a country's exports and imports. When the value of exports exceeds that of imports, a trade surplus exists. Conversely, if the value of imports is greater than that of exports, there is a trade deficit. Trade balance is achieved when the value of exports equals that of imports.