Question

Difference between interregional and international trade

Answer 1

interregional trade is domestic or internal trade. International trade on the other hand, is trade between two nations or countries. A controversy has been going on among economists whether there is any difference between interregional or domestictrade and international trade.

Answer 2

Interregional trade is within national orders and international trade is beyond national borders.

Explanation:

• Trade is the exchange of goods and services. The difference between international and interregional trade is seen in the immobility of capital and labour.

• As labor and capital cannot move freely from one country to another they can do so within the country. Different currencies, each country has a distinct set of currencies such as India has rupee.

• Restrictions on trade that is a trade are not free and have duties and fixed quotas. Transport and insurance costs the greater the distance between the nations the greater is the cost.

Learn more about the difference between interregional and international trade.

• brainly.in/question/3312689 answered by Brainly User.