Differences between Internal and External trade

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.

Leave a Comment

not allowed!