Question

Which of the following is the correct definition of internal trade?

Options

• Trade between two different countries across international borders.

• Buying and selling of goods and services within the same country.

• Only trade that occurs in capital cities.

• Trade that occurs only between manufacturers and wholesalers.

Answer 1

Buying and selling of goods and services within the same country.

Explanation:

Internal trade specifically refers to commerce conducted within the geographical boundaries of a single nation. It may occur between different states or cities, but always remains within one country's borders.