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Differences & Similarities between International Trade and Internal Trade
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Topic Content:
- Definition of Internal Trade
- Differences between International Trade and Internal Trade
- Similarities between International Trade and Internal Trade
What is Internal Trade?
Internal trade may be defined as the exchange, buying, and selling of goods and services within a country e.g. trade between a trader in Lagos and another in Kano. Internal trade can also be referred to as home or domestic trade.
Differences between International Trade and Internal Trade:
1. Currency differences: International trade involves the use of two or
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