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Question
Identify & explain the concept from the given illustration.
Tamil Nadu purchases wheat from Punjab and Uttar Pradesh.
Solution
Concept: Internal/ Domestic/ Home trade
Explanation:
- Internal Trade refers to buying and selling of goods and services within the boundaries of a nation.
- Since Tamil Nadu purchases wheat within the country, from the states of Punjab and Uttar Pradesh, this illustration is related to the concept of ‘internal/ domestic/ home trade’.
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Answer in one sentence
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