Internal trade and International trade.

Question

Distinguish between the following :

Internal trade and International trade.

Answer 1

Internal / Domestic / Home trade	External / Foreign / International trade
(a) It means exchange of goods and services within the country.	(a) It means exchange of goods and services between two or more countries.
(b) The goods and services are produced and sold within the country.	(b) The goods and services are produced in one country and sold in other country.
(c) E.g. Kashmir apples sold in Maharashtra.	(c) E.g. Kashmir apples sold in Maharashtra.