282 | Navbodh Business Studies (C.B.S.E.
NCEI
Short Answer Type Questions
1. What is meant by internal trade?
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Trade refers to buying and selling of goods and services with the objective of earning profit. ... On the basis of geographical location of buyers and sellers, trade can broadly be classified into two categories (i) Internal trade; and (ii) External trade. Trade which takes place within a country is called internal trade.
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