Distinguish between Home trade and foreign trade.
Answers
Answer:
Home trade refers to the trade within the borders of the country. Foreign Trade refers to the trade between two or more countries. There is no exchange of currencies takes place in the Home trade because there is a same currency in the country. ... Foreign Trade leads to the economic interdependence between the countries
Answer:
ʜᴏᴍᴇ ᴛʀᴀᴅᴇ
ʜᴏᴍᴇ ᴛʀᴀᴅᴇ ɪs ᴀʟsᴏ ᴄᴀʟʟᴇᴅ ᴀs “ᴅᴏᴍᴇsᴛɪᴄ ᴛʀᴀᴅᴇ”. ʜᴏᴍᴇ ᴛʀᴀᴅᴇ ɪs ᴛʜᴇ ᴛʀᴀᴅᴇ ᴛʜᴀᴛ ʜᴀᴘᴘᴇɴs ᴡɪᴛʜɪɴ ᴛʜᴇ ʙᴏᴜɴᴅᴀʀɪᴇs ᴏғ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ. ɪᴛ ᴍᴇᴀɴs ᴛʜᴇ ᴇxᴄʜᴀɴɢᴇ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ᴀʀᴇ ᴏɴʟʏ ᴍᴀᴅᴇ ᴡɪᴛʜɪɴ ᴛʜᴇ ɢᴇᴏɢʀᴀᴘʜɪᴄᴀʟ ʙᴏᴜɴᴅᴀʀɪᴇs ᴏғ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ. ᴛʜᴇ sᴇʟʟᴇʀ ᴀɴᴅ ʙᴜʏᴇʀ ᴏғ ᴛʜᴇ ɢᴏᴏᴅs ᴀʀᴇ ғʀᴏᴍ ᴛʜᴇ sᴀᴍᴇ ᴄᴏᴜɴᴛʀʏ.
ғᴏʀᴇɪɢɴ ᴛʀᴀᴅᴇ
ғᴏʀᴇɪɢɴ ᴛʀᴀᴅᴇ ɪs ᴀʟsᴏ ᴄᴀʟʟᴇᴅ ᴀs “ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴛʀᴀᴅᴇ”. ғᴏʀᴇɪɢɴ ᴛʀᴀᴅᴇ ɪs ᴛʜᴇ ᴛʀᴀᴅᴇ ᴛʜᴀᴛ ᴛᴀᴋᴇs ᴘʟᴀᴄᴇ ʙᴇᴛᴡᴇᴇɴ ᴛᴡᴏ ᴏʀ ᴍᴏʀᴇ ᴄᴏᴜɴᴛʀɪᴇs. ғᴏʀᴇɪɢɴ ᴛʀᴀᴅᴇ ɪɴᴠᴏʟᴠᴇs ᴛʜᴇ ᴛʀᴀɴsғᴇʀ ᴏғ ɢᴏᴏᴅs ғʀᴏᴍ ᴏɴᴇ ᴄᴏᴜɴᴛʀʏ ᴛᴏ ᴛʜᴇ ᴏᴛʜᴇʀ ᴄᴏᴜɴᴛʀʏ. ᴛʜᴇ sᴇʟʟᴇʀ ᴀɴᴅ ʙᴜʏᴇʀ ᴏғ ᴛʜᴇ ɢᴏᴏᴅs ᴀʀᴇ ғʀᴏᴍ ᴅɪғғᴇʀᴇɴᴛ ᴄᴏᴜɴᴛʀɪᴇs.