Question

Explain the concept of internal trade.

Answer 1

The following points can be used to describe the idea of internal trade:

1. Internal trade is the buying and selling of products and services within a country's borders.
2. Home trade or domestic trade are other terms for internal trade.
3. For instance, the State of Maharashtra sells rice, mangoes, grapes, sugar, and other products to different Indian states like Punjab and Kerala.
4. For instance, the State of Kerala provides tea and coffee, whereas the State of Maharashtra purchases wheat from the State of Punjab.