Home
Class 11
BUSINESS STUDIES
What is meant by internal trade?...

What is meant by internal trade?

Text Solution

Verified by Experts

When buying and selling of goods and services takes place within the geographical limits of a country. It is known as internal trade.
The main features of internal trade are
(i) The buying and selling of goods and services takes place within a country.
(ii) The payment are made and received in the home country only.
(iii) There are no or very few formalities to be completed by the traders.
Promotional Banner

Topper's Solved these Questions

  • INTERNAL TRADE

    SUBHASH DEY|Exercise Long Answer Questions|4 Videos

  • INTERNAL TRADE

    SUBHASH DEY|Exercise Short Answer Type Questions|7 Videos

  • INTERNAL TRADE

    SUBHASH DEY|Exercise CASE STUDIES and HOTS|6 Videos

  • FORMS OF BUSINESS ORGANISATIONS

    SUBHASH DEY|Exercise Exercise (TEST YOURSELF) (Long Answer Type Questions)|10 Videos

  • INTERNATIONAL

    SUBHASH DEY|Exercise Shot ans.|8 Videos