Question 14 of 29
Q.Write any three differences between "Internal Trade" and "International Trade".
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2020Subjective· 3mImportance★★★★★
48% · 14/29 Questions
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Start your 14-day free trial to unlock the full solution →Internal trade is within a country (one currency, free movement); international trade is across countries (different currencies, factor immobility, tariffs and restrictions).
Differences between Internal Trade and International Trade (any three):
| Basis | Internal (Domestic) Trade | International Trade |
|---|---|---|
| Area / boundary | Takes place within the boundaries of one country | Takes place between two or more countries |
| Currency | Uses a single, common national currency | Involves different currencies and exchange rates |
| Mobility of factors | Labour and capital move freely within the country | Movement of labour and capital across countries is restricted |
| Restrictions | Generally free, few restrictions | Subject to tariffs, quotas, licences and other trade barriers |
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