Difference between international business and international trade

1.	Difference between international business and international trade
Answer» $\underline{\underline{\Huge\mathfrak{Difference:-}}}$ INTERNATIONAL TRADE : DEFINITION : International trade refers to the exchange of GOODS and services across the international boundaries of different countries. SCOPE : The scope is narrow as it is limited to countries' borders. IMPLICATIONS: It involves the movement of finished goods and RAW MATERIAL as exports and imports across countries. INTERNATIONAL BUSINESS DEFINITION : International business is the movement of capital , technology and various intellectual properties such as TRADEMARKS, copyrights etc. SCOPE : The scope is wider than International trade. IMPLICATIONS : International business involves the movement of goods and services, EMIGRATION and immigration of human capital, and exchange of technology, technical know-how, copyrights and trademarks.

Answer»

$\underline{\underline{\Huge\mathfrak{Difference:-}}}$

INTERNATIONAL TRADE :

DEFINITION : International trade refers to the exchange of GOODS and services across the international boundaries of different countries.

SCOPE : The scope is narrow as it is limited to countries' borders.

IMPLICATIONS: It involves the movement of finished goods and RAW MATERIAL as exports and imports across countries.

INTERNATIONAL BUSINESS

DEFINITION : International business is the movement of capital , technology and various intellectual properties such as TRADEMARKS, copyrights etc.

SCOPE : The scope is wider than International trade.

IMPLICATIONS : International business involves the movement of goods and services, EMIGRATION and immigration of human capital, and exchange of technology, technical know-how, copyrights and trademarks.

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