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Internal Trade:
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Trade takes place between different individuals and firms within the same nation.
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Labour and capital move freely from one region to another.
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There will be free flow of goods and services since there are no restrictions.
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There is only one common currency.
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The physical and geographical conditions of a country are more or less similar.
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Trade and financial regulations are more or less the same.
International Trade
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Trade takes place between different individuals and firms in different countries.
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Labour and capital do not move easily from one nation to another.
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Goods and services do not easily move from one country to another since there are a number of restrictions like tariff and quota.
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There are different currencies.
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There are differences in physical and geographical conditions of the two countries.
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Trade and financial regulations such as interest rate, trade laws differ between countries.
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Differences are pronounced in political affiliations, habits and customs of the people and government policies.
Ragini Mahto
Wiki User
∙ 13y agoInternal-within borders. Int'l-with other countries.
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Mention differences between internal trade and international trade?
internal trade is business within the country while international country is business outside the country
What is the difference between international trade and external trade?
International trade is trade between two or more countries, while external is a trade in another country.
What are differences between international trade and internal trade?
Internal trade mean within ones country. International trade mean All over the world. There are much to gain by moving international with ones products as the market will be a lot greater. Regards.
Difference between international trade and local trade?
International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.
What are the differences between internal trade and international trade?
Internal trade mean within ones country. International trade mean All over the world. There are much to gain by moving international with ones products as the market will be a lot greater. Regards.
What is the difference between international trade and regional trade?
Because It's true and stop cheating
Why did internal trade decline at this time?
international trade declined at this time because of fighting between the state,foreing trade remained high,specially on the coats
What is internal trading and exeternal trading?
Trade which takes place inside the boundaries of a country is known as internal trade. If trade crosses the four boundaries of a country and trade takes place with other countries of the world, it is known as external trade. Both in internal and external trade, selling and buying takes place but there are some differences between internal trade and external trade. Source: http://www.preservearticles.com/201106228392/difference-between-internal-trade-and-external-trade.html http://goo.gl/hSEsy9
What is Different between internal and international trade?
I take it you mean the difference between "international trade" and "international business". This is really just the difference between "trade" and "business" :- - trade is technically the exchange of good for money or other good. - business is the whole spectrum of dealings in which people and companies engage - it is generally boiled down to the exchange of goods and services for money or other goods or services. So a manufacturer of something is engaged in trade, the lawyers and Accountants who supply that manufacturer their services are engaged in business - and it doesn't matter if it all happens within one country or if it is international - nowadays a company's accounts might well be handled by someone in a different country.
Similarities between domestic and international trade?
The similarities between domestic and internal trade is that both entail the factors of production like land, labor and capital. In both cases money is involved.
Differences between modern and traditional theory of cost?
Modern theory of cost emphasizes concepts like economies of scale, cost minimization, and cost efficiency through technological innovation. Traditional theory of cost focuses more on fixed costs, variable costs, and total costs without much consideration for factors like economies of scale or technological advancements. Modern theory also considers long-run costs and the impact of competition on costs, while traditional theory is more focused on short-run cost analysis.
What does international trade mean?
Internal trade is commerce within a country (or other political subdivision).
