Economics A-Level
Trade in services
What Trade in services means in Economics A-Level, as defined for AQA.
Definition of Trade in services
Check what you remember
Read the wording for your board, then hide it and explain Trade in services in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Captures invisible transactions, like a foreign student paying tuition fees to a British university.
Topics that use Trade in services
- The balance of payments (AQA A-Level)
Related terms
- Balance of payments
- Capital account
- Competitiveness
- Current account
- Current account deficit
- Exchange rates
- Expenditure-reducing policies
- Expenditure-switching policies
Using Trade in services in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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