Question

Explain importance of domestic trade

Answer 1

Answer:

Domestic trade:

Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail

importance of domestic trade:

The importance of domestic trade in a country is that it facilitates exchange of goods within the country. By doing this it also makes sure that factors of production reach to the right places so that the economy of the country can grow.

Explanation:

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Answer 2

Answer: It helps in facilitation of exchange of goods within countries

Explanation: With this the country gets to grow due to taxes.