Question

Differentiate between International trade and International business.

Answer 1

Points of difference	International trade	International business
Definition	International trade refers to the exchange of goods and services across the international boundaries of countries.	International business includes movement of capital, personnel, technology and intellectual property such as trademarks, know-how and copyrights, besides international trade.
Scope	Narrower	Wider (as it includes much more than international trade)
Implications	International trade involves the movement of finished goods and raw material as exports and imports across countries.	International business involves the movement of goods and services, emigration and immigration of human capital, and exchange of technology, technical know-how, copyrights and trademarks.