Question
State the difference between Internal and International trade.
| No. | Point | Internal Trade | International Trade |
| $1.$ | Meaning | Trade carried out between carried out among geographical boundary of the same countries is called internal trade. | Trade carried out between geographical boundary f two different countries is called international trade. |
| $2.$ | Currency | in entire country, there is same currency so there is no difficulty in calculation and payment. | There is difference in the currency of each country. So it is difficult to calculate and to make payment. |
| $3.$ | Laws | In entire country the same law prevails. | Laws are different in each country. |
| $4.$ | Language | Business is carried out under the same geographical boundary so no problem of language arises. | Business is carried out in different geographical boundary so the problem of language arises. |
| $5.$ | Weigh and measurement | Weight and measurement are the same. | Weight and measurement are different. |
| $6.$ | Distance | Internal trade is carried out among different parts of the country. So the distance is not much. | Distance is quite long when business is carried out with different countries. |
| $7.$ | Custom | The rate of custom is low and procedure is simple. | The rate of custom is high and procedure is complicated. |
| $8.$ | Insurance | Insurance is not compulsory. | Insurance is compulsory. |
| $9.$ | Trading procedure | Trading procedure is comparatively simple and less expensive. | Trading procedure is comparatively complicated and more expensive. |
| $10.$ | Market | Internal trade is limited. | International trade is on large scale and vast. |
| $11.$ | Government restriction | Government restriction are less. | In intentional trade, government restriction are more |
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