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Q.Write any two differences between Internal Trade and International Trade.
Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2022Subjective· 2mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →Internal trade operates within one country (same currency, fewer restrictions) while international trade operates between countries (different currencies, customs duties and more formalities).
Two Differences between Internal Trade and International Trade
| Basis | Internal Trade | International Trade |
|---|---|---|
| Area of operation | Carried on within the boundaries of one country | Carried on between two or more countries |
| Currency used | Uses a single national currency | Involves different currencies and foreign exchange |
| … |
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