Question

Difference Between Internal And International Trade.
Detailed Answer With 3 Points.

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Answer 1

Answer:

Let us look at some of the points of difference between internal and external trade.

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Difference between Internal Trade and External Trade.

Internal Trade External Trade

Internal trade takes place between the country borders, therefore only one country is involved External trade involves the transactions between two or more countries.

Answer 2

Answer:

INTERNAL TRADE -

* It refers to the trade within the borders of the country.

* There is no exchange of currencies take place in internal trade because there is same currency in the country.

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

INTERNATIONAL TRADE

* It refers to the trade between two or more countries.

* It involves 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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