Disequilibrium in the balance of payment is caused by which economic factor ?
Secular disequilibrium
Disequilibrium in the balance of payments (BoP) is classified by its cause and duration into cyclical, secular (long-run), structural and short-run/temporary disequilibrium.
Secular disequilibrium is a long-term, persistent BoP deficit or surplus caused by deep economic factors such as the stage of economic development, population growth, savings–investment gaps and long-run shifts in capital flows.
Religious, uniform and inconsistent disequilibrium are not recognised categories of BoP disequilibrium in economics.
Hence, the answer is Secular disequilibrium.
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