Five similarities between international and internal trade

Answers 1

Answer:

1) Both type of trade use a medium of exchange in assessing the worth of goods and services involved.

2) Internal trade and international trade involve the exchange, selling and buying of goods and services i.e. they both are called trade.

3) Both of them arises as a result of inequitable distribution of natural resources and production costs.

4) The two forms of trade involve cost in the area of transport, insurance, advertisement and warehousing known as auxiliarious to trade.

5) Middleman are involved in two forms of trade.

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