Question

What is internal trade?write its feature ,types,advantages,and dis advantages

Answer 1

Internal trade refers to buying and selling of goods or services within the geographical limits of a country.

Internal Trade can be of two types :
1) Wholesale Trade
2) Retail Trade

Main Features of Internal Trade are:
1. The buying and selling of goods and services take place within a country.
2. The payment are made and received in the home currency only.
3. There are no or very few formalities to be completed by the traders.
4. Various local modes of transport can be used for goods and services.