Question

II. Write short notes on the following.
the US
1. Home trade
2. Foreign Trade​

Answer 1

Answer:

Home Trade

Explanation:

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. ... The importance of domestic trade in a country is that it facilitates exchange of goods within the country.

Answer 2

Answer:

Home Trade : Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. ... In actual practice, however, manufacturers and wholesalers may also undertake retail distribution of goods to bypass the intermediary retailer, by which they earn higher profits.

Foreign Trade: Foreign trade is the exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP).