Exchange of good and services taking place within the geographical boundries of a nation is called
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Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value".
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Buying and selling of goods and services or trading with these goods and services which happens within the boundaries of a nation are called internal trade. ... This may also occur between two or more different states known as interstate trade, but this happens definitely within the same country.
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