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Trade is the exchange of ownership of commodities in a commercial transaction, which can be goods based or cash based.
Trade that takes place between two countries is referred as international trade. However, trade that takes place between two cities,states or between the boundaries of a country is referred as domestic trade. For domestic trade to take place only the domestic country's rules and regulations are needed to be taken care of. However, in case of international trade the regulations of both the countries come into action. There maybe different tariffs for domestic and international trade.
Trade that takes place between two countries is referred as international trade. However, trade that takes place between two cities,states or between the boundaries of a country is referred as domestic trade. For domestic trade to take place only the domestic country's rules and regulations are needed to be taken care of. However, in case of international trade the regulations of both the countries come into action. There maybe different tariffs for domestic and international trade.
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exchange of anything on basis of selling and buying.( exchanging)
local trade is selling from one City to other in a local area.
international trade is selling from one country to other.
local trade is selling from one City to other in a local area.
international trade is selling from one country to other.
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