Difference between Domestic Trade and International Trade. – InterviewSolution

InterviewSolution

1.

Difference between Domestic Trade and International Trade.

Answer»

The difference between Domestic and International trade is

Based on scale
Based on currencies and modes of payment
Based on language; culture and society
Based on transport cost
Based on degree of competition
Based on consumer satisfaction and
Based on administrative and legal systems.

Discussion

No Comment Found

Related InterviewSolutions

Which of the following is not a factor that influences Balance of Payments?(A) Exchange rate(B) Inevitable imports(C) Political development of the nation(D) Prices of tradable good in home country and foreign country
What is the share of developing economies in world exports in the year 2011?(A) 34%(B) 50%(C) 47%(D) 65%
How much was the share of Europe in India’s merchandise imports and exports in the year 2014-15.
How has our pattern of export changed over years?
Discuss in detail the change in import-export structure after 1991 .
Magnitude of World Trade in Present Times.
Why would a person or a country need foreign currency? Also, state the need of currency conversion.
What happens in balance of payments payments?
What is recorded in current account of balance of payments?
What is Unbalanced Balance of Payments? State its types.