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PointInternal tradeInternational trade
MeaningTrade within the boundaries of a country.Trade between two or more countries.
CurrencySingle (domestic) currency is used.Different currencies; foreign exchange is needed.
RestrictionsFew restrictions; goods move freely.Subject to tariffs, quotas, customs and other restrictions.
Mobility of factorsFactors of production are mobile.Factors are relatively immobile between countries.
ExampleTrade between Maharashtra and Gujarat.India importing petroleum from Iran.
Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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