Question

3 differences between internal and international

Answer 1

Answer:

Explanation: Internal trade also known as domestic trade takes place within geographical boundaries of a country while international trade takes place between two or more nations. Internal trade is done in home currency , no foreign exchange is involved in it. while international trade is done in foreign currency.

Explanation:

Briefly, the internal trade implies domestic trade; on the other hand the external trade is the trade which takes place with other countries of the world, which is also known as foreign trade or International trade. ... In the internal trade, the commodities produced are sold in different parts of that country.

Answer 2

Internal :

• Internal trade refers to the trade within the borders of the country.

• There is no exchange of currencies takes place in the Internal Trade because there is a same currency in the country

• Internal trade usually doesn't have any restrictions on movement inside the country

External :

• External Trade refers to the trade between two or more countries.

• External Trade involves the exchange of currencies between the nations which are involved in the trade.

• External Trade is subjected to many restrictions on transfer to certain goods to certain countries.

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