Question

What do you mean by ' internal trade'
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Answer 1

Answer:

Trade refers to buying and selling of goods and services with the objective of earning profit. ... Trade which takes place within a country is called internal trade. Trade between two or more countries, on the other hand, is called external trade.

Explanation:

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Answer 2

Answer:

Internal Trade

Internal trade is also known as domestic trade, and as the name suggests it is the trade of domestic goods within the confines of the geographical boundaries of a nation. So the buying and selling of either goods or services done within a country is the internal trade.

In such cases of internal trade, there is no levying of import/export taxes or customs duties. Only local government taxes will apply. These are goods domestically produced for domestic consumption only. Now there are two broad categories of internal trade, namely wholesale trade and retail trade. Here we will be focussing on the intricacies of wholesale trade.



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