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Explain the difference between external ...

Explain the difference between external trade and internal trade.

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Trade which takes place inside the boundaries of a country is known as internal trade. If trade crosses the four boundaries of a country and trade takes place with other countries of the world, it is known as external trade.
Both in internal and external trade, selling and buying takes place but there are some differences between internal trade and external trade.
1. Firstly, in the case of internal trade, the produced commodities of a country are sold in different parts of that country. But in external trade, the produced goods of a country cross the boundaries of a country and are sold in another country and the produced commodities of foreign countries enter into our country.

2. Secondly, the commodities which are sold and purchased in internal trade, do not find place in external trade. The commodities which are produced inside a country may not be demanded by the people of foreign countries. So the commodities which are demanded in foreign countries find place in external trade.

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International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic , social and political importance has been on the rise in recent centuries. Industrialization , advances in technology, transportation, globalization, multinational corporations, and outsourcing are all having a major impart on the international trade is crucial to the continuance of globalization. International trade is, in principle, not different trade is, in principle, not diffenent trade is, in principle , not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries. What is the main difference between international and domestic trade?

International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic , social and political importance has been on the rise in recent centuries. Industrialization , advances in technology, transportation, globalization, multinational corporations, and outsourcing are all having a major impart on the international trade is crucial to the continuance of globalization. International trade is, in principle, not different trade is, in principle, not diffenent trade is, in principle , not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries. Which one of the following has a major impact on international trade?