Question

Difference between internal trade and international trade . 3 point

Answer 1

1)Internal trade refers to the trade within the borders of the country.

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

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

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

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

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

Answer 2

Difference between Internal trade and International trade

Explanation:

1. 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.
2. Internal trade is done in home currency , no foreign exchange is involved in it. while international trade is done in foreign currency.
3. generally there is no restriction on the trade within the country, but in case of international trade restrictions are imposed.
4. transportation and insurance cost is less in internal trade as compared to international trade.

Learn more:

internal and international trade

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