Question

difference between international trade and local trade

Answer 1

in international trade, trade is between two countries.

but in local trade, trade is between states, or districsts, etcc..

Answer 2

International trade | local trade

1) trade between 2 countries is called international trade | 1) local trade is carried in cities towns and villages

2) it may take place through sea air or land routes | 2) it is mainly carried through land routes

3) volume of trade is more than local trade | 3) volume of trade is less than international trade

4) it brings change in national income | 4) it doesn’t bring any change in national income

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