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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.
Verlie Corwin
Internal trade refers to the buying and selling of goods and services within the boundaries of a country. It involves transactions between individuals, businesses, or organizations that are based within the same country. On the other hand, international trade involves the exchange of goods and services between different countries. It includes import and export activities and involves transactions between individuals, businesses, or organizations from different nations.
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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 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.
What is international trade?
International trade is the exchange of goods and services between different countries.
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.
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.
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
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 is the importance of international trade?
The importance of international trade is that it expands markets for various countries and provides resources to the others. This will promote interaction between different countries.
What does international trade mean?
Internal trade is commerce within a country (or other political subdivision).
Whats the nature of international trade?
1.Relations among "sovereign" is different from interregional trade 2. Different internal economic policies 3. Currencies difference 4. Product VS factor mobility
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.
