What is internal trade explain in …

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What is internal trade explain in detail Answer it fast its urgent please

Posted by 📕Queen 📕Queen 6 years, 1 month ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 1 month ago

Internal trade is also known as domestic trade, and as the name suggests it is the trade of domestic goods within the confines of the geographical boundaries of a nation. So the buying and selling of either goods or services done within a country is the internal trade.

In such cases of internal trade, there is no levying of import/export taxes or customs duties. Only local government taxes will apply. These are goods domestically produced for domestic consumption only. Now there are two broad categories of internal trade, namely wholesale trade and retail trade. Here we will be focussing on the intricacies of wholesale trade.

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CBSE > Class 10 > Social Science