Q.Explain the classification of Internal Trade.

Internal trade is trade conducted within one country, and it splits into two well-known sub-types based on the scale and buyer of the transaction.

Name and briefly describe each sub-type of internal trade.

Internal Trade (Home Trade) is buying and selling of goods conducted entirely within the boundaries of one country. It is classified into two sub-types:

1. Wholesale Trade — buying goods in bulk from producers/manufacturers and selling them in comparatively smaller quantities to retailers or other traders, not directly to the final consumer.

2. Retail Trade — buying goods (usually from wholesalers) and selling them in small quantities directly to the final individual consumer, for personal use.

Together, these two sub-types form the complete chain by which goods move from a domestic producer, through the wholesaler, through the retailer, and finally to the household or individual consumer — all within the same country's borders.