5 Questions
What are the main features of internal trade?
The main features of internal trade are: (i) Buying and selling of goods and services within a country; (ii) Payments are made and received in the home country; (iii) Few or no formalities are required for the trade.
What is internal trade?
Internal trade is the buying and selling of goods and services within the geographical limits of a country.
What are the two categories of internal trade?
The two categories of internal trade are: (1) Wholesale trade, and (2) Retail trade.
What is wholesale trade?
Wholesale trade refers to the trade in which goods are sold in large quantities. A wholesaler provides valuable services to manufacturers and retailers.
What services does a wholesaler provide to manufacturers?
A wholesaler provides services to manufacturers such as: facilitating large scale production, bearing risk, financial assistance, expert advice, help in marketing function, and facilitating production continuity.
Test your knowledge on Internal Trade with this quiz! Learn about the main features and characteristics of internal trade, including the buying and selling of goods within a country, payment methods, and more. Perfect for students studying economics or anyone interested in understanding the basics of internal trade.
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