Q. 14.3( 3 Votes )
What is meant by internal trade?
Internal trade refers to the buying and selling of goods and services within the boundaries of the nation. They do not have any custom duty or import duty levied upon them because they are a part of the domestic production and are meant for domestic consumption. They are further divided into two types - trade and retail trade.
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Itinerant traders have been an integral part of internal trade in India. Analyze the reasons for their survival in spite of competition from large scale retailers.NCERT - Business Studies
What is meant by internal trade?NCERT - Business Studies