Question

differentiate between international and national trade?​

Answer 1

Answer:

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Explanation:

National trade refers to trade between regions within a country. International trade on the other hand, is trade between two nations or countries.

Answer 2

difference between international and national trade ;

• 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.
• generally there is no restriction on the trade within the country, but in case of international trade restrictions are imposed.
• transportation and insurance cost is less in internal trade as compared to international trade.