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Question
Distinguish Between
Internal trade and Foreign trade
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Solution
| Sr. No. | Internal trade | International trade |
| 1. | Internal Trade refers to trade within the boundaries of a nation. | International trade refers to trade between different countries. |
| 2. | It is also known as ‘Domestic Trade’ or ‘Home Trade’. | It is also known as ‘Foreign Trade’ or ‘External Trade’. |
| 3. | E.g.: Goods produced in Maharashtra are sold to Uttar Pradesh. | E.g.: India imports petroleum from Iraq and exports tea to Singapore. |
| 4 | It does not result in inflow or outflow of foreign exchange. | It results in inflow or outflow of foreign exchange. |
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