Question

What is internal trade?

Answer 1

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.

Answer 2

Internal trade refers to the buying and selling of goods and services that takes place within the geographical boundaries of a country.

country. It is known as internal trade.

The main features of internal trade are

(i) The buying and selling of goods and services takes place within a country.

(ii) The payment are made and received in the home country only.

(iii) There are no or very few formalities to be completed by the traders.

hope it helps..