wirte the differences b/w international trade and local trade
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INTERNATIONAL
1.The exchange of goods and services between countries and across borders is known as international trade.
2. Restricted due to complicated custom procedures and trade barriers like tariff, quotas or embargo.
3.International trade has Broader markets
DOMESTIC
1.The exchange of goods that are conducted inside of a country's borders, then it is domestic trade.
2.Easier to move goods without much restrictions. Maybe need to pay sales tax.
3.Limited market due to limits in population, etc
HOPE IT HELPS.
❤️
#cheers
INTERNATIONAL
1.The exchange of goods and services between countries and across borders is known as international trade.
2. Restricted due to complicated custom procedures and trade barriers like tariff, quotas or embargo.
3.International trade has Broader markets
DOMESTIC
1.The exchange of goods that are conducted inside of a country's borders, then it is domestic trade.
2.Easier to move goods without much restrictions. Maybe need to pay sales tax.
3.Limited market due to limits in population, etc
HOPE IT HELPS.
❤️
#cheers
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