Question

Distinguish between national and international trade.​

Answer 1

$\mathfrak\purple{National~Trade}$

ᴅᴏᴍᴇsᴛɪᴄ ᴛʀᴀᴅᴇ ʜᴀᴘᴘᴇɴs ᴡʜᴇɴ ᴛʜɪs ʙᴜsɪɴᴇss ɪs ᴄᴏɴᴅᴜᴄᴛᴇᴅ ɪɴsɪᴅᴇ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ's ʙᴏʀᴅᴇʀs. ᴛʜᴇʀᴇ ᴀʀᴇ ᴍᴀɴʏ ᴅɪғғᴇʀᴇɴᴄᴇs ɪɴ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ᴅᴏᴍᴇsᴛɪᴄ ᴛʀᴀᴅᴇ, ʙᴜᴛ ᴛʜᴇ ʙᴀsɪᴄ ᴘʀɪɴᴄɪᴘᴀʟs ᴀʀᴇ ᴛʜᴇ sᴀᴍᴇ.

$\mathfrak\purple{International~Trade}$

ᴛʜᴇ ᴇxᴄʜᴀɴɢᴇ ᴏғ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs ʙᴇᴛᴡᴇᴇɴ ᴄᴏᴜɴᴛʀɪᴇs ᴀɴᴅ ᴀᴄʀᴏss ʙᴏʀᴅᴇʀs ɪs ʀᴇғᴇʀʀᴇᴅ ᴛᴏ ᴀs ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴛʀᴀᴅᴇ.

Answer 2

Answer:

National trade is a trade Which is done within two cities or states but international trade is a trade Which is done within two countries or continent.

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