Deficit Balance Of Payment (Video) | SS 3 Economics WAEC & NECO Lesson

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In this SS 3 Economics lesson, we explore Deficit Balance of Payment, a vital topic in understanding a country’s international trade and economic position.

Learn what causes a deficit in the balance of payments, its implications on national development, and possible corrective measures used by governments and economists.

Key points covered include:

1. Meaning of Balance of Payment (BoP)
2. Causes of BoP Deficit
3. Effects of Persistent Deficits
4. Government policies for correcting BoP deficits

This video aligns with the WAEC & NECO curriculum and simplifies complex economic concepts for SS 3 students preparing for their final exams.

See also:

International Trade 2 (Video)

Human Capital Development (Video) | WAEC & NECO Lesson

Manufacturing And Construction Industries (Video)

Economic Lessons From Asian Tigers (Video)

Regulatory Agencies Of Financial Institutions (Video)