Explain the difference between internal trade and international trade on different basis.
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Internal trade also known as domestic trade takes place within geographical boundaries of a country while international trade takes place between two or more nations. Internal trade is done in home currency , no foreign exchange is involved in it. while international trade is done in foreign currency.
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Answer:
Internal trade also known as domestic trade takes place within geographical boundaries of a country while international trade takes place between two or more nations. Internal trade is done in home currency , no foreign exchange is involved in it. while international trade is done in foreign currency.
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