Question

Difference between internal trade and international trade . 5
point

Answer 1

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.

Answer 2

Answer:

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

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

• 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

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

Hope it helps :)