Trade carried on within the domestic territory of a country is known as______ trade.

International

No worries! We‘ve got your back. Try BYJU‘S free classes today!

External

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Multilateral

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Internal

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Internal
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:
1) the buying and selling of goods and services takes place within a country.
2) the payment are made and received in the home country only.
3) there are no or very few formalities to be completed by the traders.

Suggest Corrections

Similar questions

Value-added method measures the contribution of which of the following within the domestic territory of a country?

Market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called :

Market price of the final goods and services including depreciation produced within the domestic territory of a country during an accounting year is called

Q. Domestic product includes contribution of only resident producers within the domestic territory of the country.

Q. Trade within the country is called ______ trade.

Join BYJU'S Learning Program