Buying and selling of goods and services within a country is called
a. international trade
b. state trade
c. regional trade
d. internal trade
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Answer:
(c)
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Buying and selling of goods and services within a country is called internal trade .
- The purchasing and selling of products and services within the national borders of a country is referred to as internal trade, sometimes known as domestic trade.
- Therefore, although import and export are significant for a country's economy, domestic commerce accounts for the majority of that country's GDP contribution.
- Internal trade can be defined as the buying or selling of any good or service within a nation's territorial limits. It suggests that both the buyer and the provider of the good or service must be citizens of the same nation.
- They serve as the deliverer of commodities to the final consumers. Internal commerce works to swiftly and affordably distribute goods in an equitable manner across the country.
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