Q.State any two points of distinction between Internal Trade and Foreign Trade.

Internal and Foreign Trade differ mainly because one stays within a single country's currency, laws and borders while the other does not. …

Internal Trade and Foreign Trade differ on several counts, of which any two may be stated. (1) Currency used: Internal Trade is conducted entirely in a single domestic currency, while Foreign Trade generally involves two different national currencies, requiring conversion at a rate of exchange. (2) Government restrictions: Internal Trade moves largely freely within a country, whereas Foreign Trade is subject to customs duties (tariffs), import licensing and quotas imposed by each trading country's government. Other valid points include the more limited mobility of labour and capital across countries compared with within a country, and the specialised documentation (bill of lading, letter of credit, certificate …

Students sometimes state a difference in the SCALE of trade (large vs small) rather than a genuine structural difference (currency, restrictions, mobility, documentation) — scale alone doe …