Question
difference between internal Trade and international Trade
| Points | Internal Trade | Foreign (International Trade) |
| $1.$ Meaning | Activity of sale and purchase carried out by parties residing within the boundary of the nation is internal trade. | Activity of sale and purchase carried out by parties beyond the boundary nation with other countries is foreign trade. |
| $2.$ parties | As parties belong to the same nation majority of them are known. | As the parties belong to foreign countries they are not much known. |
| $3.$ License | Mostly for internal trade license is not required for purchase and sale. | Export – Import license is required for foreign trade. |
| $4.$ Trans – potation | Internal trade is carried out through the facility of land, air and sea transportation. | Foreign trade is mostly carried out through air cargo and shipment. |
| $5.$ Language | In internal trade on problem of language arises. | In foreign trade : it is quite difficult to deal with clients in foreign language. |
| $6.$ Exchange | Internal trade is carried through local currency. | Foreign trade requires foreign exchange (foreign currency ) |
| For transposition normal, ordinary packing serve the purpose. | Packing of goods should be of international standards. |
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