Question

Distinguish between local trade and international trade

Answer 1

Differences in Domestic and International Trade. The exchange of goods and services between countries and across borders is referred to as international trade. ... The time that it takes to transport goods across oceans can cost businesses money.

Answer 2

trade:the action of exchange of goods,capital or services is called trade.

Local trade:the exchange of goods and services in a particular region is local trade.

Example:=trade within a country

International trade:the trade across international borders or territories.

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