Question

Differentiate internal trade with international trade on the basis of-
1.Meaning
2.Nationality of buyers and sellers
3.Movement of factors of production
4.Mode of payment and transportation
5.Customers heterogeneity.

Differentiate internal trade with international trade on the basis of-
1.Meaning
2.Nationality of buyers and sellers
3.Movement of factors of production
4.Mode of payment and transportation
5.Customers heterogeneity.

Q. Differentiate internal trade with international trade on the basis of-

Meaning ,Nationality of buyers and sellers ,Movement of factors of production ,Mode of payment and transportation ,
Customers heterogeneity.

Answer 1

Dear student,

The differences between internal and international trade are:

Basis of difference	Internal trade	International trade
Meaning	When trade is done within the domestic territory of an economy it is internal trade.	When trade is done outside the domestic territory of an economy it is international trade.
Nationality of buyers and sellers	Both buyers and seller belong to same nation.	The buyer and seller do not belong to same nation.
Movement of factors of production	The factors of production can move freely	The factors of production cannot move freely.
Customers heterogeneity.	Customers are homogeneous.	Customers are heterogeneous

Regards