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What is domestic trade?

Updated: 8/22/2023
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14y ago

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Domestic business is business that conducts transactions within the border of the country for which it is based upon.

'Domestic' is derived from the Latin word 'domus', meaning 'house'.

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13y ago
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13y ago

A domestic company will be a company that is within the country of it's own origin.

or...

Domestic organisations are company who travel within their current country for e.g. Rail gives a travel service within the UK. It reaches to most destinations dedicated to their passenger needs, coaches is also another example because it reaches numerous amounts of destinations within the UK

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14y ago

domestic trade is when you trade people or the things they produced on a farm, and mail/take it to other countries who cannot produce that food. (produce means to create or make something)

Erm that's international trade when you transport things to Another Country, domestic trade is when you keep it within your own country!!

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15y ago

internal or local dealing or transaction

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How did the end of the international slave trade affect domestic slavery?

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What is meant by domestic trade?

Domestic trade is basically when countries trade or sell a good internally. This means that if a country produces a good (say wheat, for example) and only trades or sells this good within the boundaries of the country. Foreign trade is a country trading or selling their domestic goods with another country.


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Domestic trade offers numerous advantages of international trade. There is no need to worry about tariffs or exchange rates. Shipping costs are lower, and it creates more domestic jobs.


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Were ignored and flaunted.


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