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Question
Distinguish between
Internal trade and International trade.
Solution
| Sr. No. | Internal trade | International trade |
| 1. |
Trade is carried on within the domestic territory. |
Trade is carried on between two or more countries. |
| 2. |
Land transport plays a major role (Roadways and Railways). |
Waterways and Airways play a vital role. |
| 3. |
The local currency is used. |
Foreign currency is involved. |
| 4. |
Helps to promote balanced regional growth. |
Helps to promote the country’s economy and raise the standard of living |
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