Internal Home trade |
External/International Trade |
Difference in currency is not obtainable. |
Difference in currencies is obtainable, it involves the exchange of foreign currencies. |
Transportation cost is less |
Transportation cost is extremely too high |
Little or no cultural difference exist |
Abound cultural differences exist. |
Balance of payments problem is not seen. |
Balance of payments is seen at its apex if country’s imports exceeds her exports. |
Trade here involves people of the same country |
Trade here involves people across different national boundaries. |