Question

international trade processes are easier
than local trade​

Answer 1

International trade is the exchange of capital, goods, and services across international borders or territories.[1]

In most countries, such trade represents a significant share of gross domestic product(GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.

Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more nations factors like currency, government policies, economy, judicial system, laws, and markets influence the trade. International economic and trade organizations address the process of trade as the political relations between two countries also influences the trade between them and the obstacles of trading affect the mutual relationship adversely. To smoothen and justify the process of trade between countries of different economic standing, some international economic organisations were formed. These organisations work towards the facilitation and growth of international trade.


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Answer 2

The main difference is that international trade is typically more costly than domestic trade. ... Another difference between domestic and international trade is that factors of production such as capital and labor are typically more mobile within a country than across countries.