Differentiate internal trade with international trade on the basis of-
1.Meaning
2.Nationality of buyers and sellers
3.Movement of factors of production
4.Mode of payment and transportation
5.Customers heterogeneity.
Differentiate internal trade with international trade on the basis of-
1.Meaning
2.Nationality of buyers and sellers
3.Movement of factors of production
4.Mode of payment and transportation
5.Customers heterogeneity.
Q. Differentiate internal trade with international trade on the basis of-
Meaning , Nationality of buyers and sellers , Movement of factors of production ,Mode of payment and transportation ,
Customers heterogeneity.
1.Meaning
2.Nationality of buyers and sellers
3.Movement of factors of production
4.Mode of payment and transportation
5.Customers heterogeneity.
Q. Differentiate internal trade with international trade on the basis of-
Dear student,
The differences between internal and international trade are:
Regards
The differences between internal and international trade are:
| Basis of difference | Internal trade | International trade |
| Meaning | When trade is done within the domestic territory of an economy it is internal trade. | When trade is done outside the domestic territory of an economy it is international trade. |
| Nationality of buyers and sellers | Both buyers and seller belong to same nation. | The buyer and seller do not belong to same nation. |
Movement of factors of production |
The factors of production can move freely | The factors of production cannot move freely. |
| Customers heterogeneity. | Customers are homogeneous. | Customers are heterogeneous |
Regards