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Very Short Answer Questions
1. What is meant by internal trade?
Answers
Explanation:
Trade within countries.
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. By allowing all different types of goods and services to reach to all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country. And it helps the growth of an industry by ensuring the availability of raw materials.
Traders from outside the country will have to come in contact with internal traders, because it is not easy to come directly into another country and get the required products.
Answer:
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