Question

What do you mean by internal trade? Name its types.

Answer 1

Answer:

Internal Trade also known as Domestic Trade is the buying and selling of goods and services within the confines of the international boundaries of a nation. So while import and export are important for the economy of a nation, most of its GDP contribution comes from internal trade.

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Answer 2

Answer:

When buying and selling of goods and services takes place within the geographical limits of a country. It is known as internal trade.

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