What do you understand by internal trade? Discuss its types in brief.

Explanation

Internal Trade 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.
. Types of Internal Trade
Internal trade can be classified into two categories.


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