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What is the difference between international trade and local trade |
| Answer» \tLocal tradeInternational tradeWhen trade takes between states, cities or villages within a city, it is known as local trade.When trade takes place between two countries, it is known as international trade.Local trade does not impact the value of the national currency. It does however, impact the use of resources and generate employment in the country.It impacts the value of national currency.Calculation of taxes when goods are transported from one region to the other within the country is much simple.When goods are shipped across various countries calculation of taxes becomes extremely difficult as they pass from one country to the other.\t | |