Give the features of internal trade. - Vidyadip

Question

Give the features of internal trade.

✓

Answer

The main features of internal trade are:

Buyer and sellers belong to the same country.
Mode of payment is in the same legal tender of the country.
It is done locally, regionally or inter-state wise.
It follows the same land laws.
It is the buying and selling of goods within the boundaries of a country.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Question" from Understanding the Market→Understanding the Market — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Explain Cost, Expenses and Expenditure.

What do you mean by Break Even Point?

Give the features of trade.

Give examples of failures of some successful companies.

Why should entrepreneurs ensure that there is a "right individual at the right job"?

State and discuss the various miscellaneous internal factors which can contribute towards the success or failure of the business.

Discuss any six institutions involved in entrepreneurship development programme.

Give the importance of professional assistance for an entrepreneur.

“Invention is the mother of necessity”. How does an entrepreneur proves this statement? Give some example.

Classify entrepreneurs on the basis of different generations in a family business.