what is the difference between local trade and international trade? at least 5 points needed
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local trade means the trade between two people,cities or states
but international trade means a trade between two countries
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Answer:
Both local and international trade impacts the GDP of the nation.
As the name itself indicates, international trade takes place between two countries and the local trade is limited within the boundaries.
International trade impacts the currency of the nation, whereas the local trade influences the local resources, and also generates employment.
Local trade allows the money to flow from one place to another but within the nation
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