Internal trade differs from external trade in which of the following ways?

Nationality of buyers and sellers

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Political system and risks

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Mobility of factors of production

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All of the above

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Solution

The correct option is D All of the above
Trade is the central activity in the economy. Trade not only refers to the exchange of goods and services within the country but also between two or more countries.Internal trade refers to the trade within the borders of the country. External Trade refers to the trade between two or more countries.

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78) India’s internal trade in goods Seems robust as compared to internal trade consider the following

i) In India, smaller states tend to trade less

ii) The manufacturing states of Tamil Nadu, Maharashtra and Gujarat tend to have trade surpluses

which of the above is correct?

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