Internal Trade
Internal trade is defined as the trade in which the consumption of products produced and sold in a country takes place. Internal trade encompasses all commercial activities carried out within the country. For example, the sale of food products produced in a country, the sale of automobiles produced by an automobile factory, the sale of clothing products produced by a textile company are counted as domestic trade.
Internal trade is important for a country’s economy, because thanks to the trade activities carried out within the country, money circulation is provided in the country and the country’s economy grows.
Trade
Trade is the process of selling and purchasing goods and services produced between or within a country. Trade covers the process of transporting and selling goods and services produced to meet the needs of people from the place of production to the place of consumption. Trade aims to enable people to interact with each other and to meet each other’s needs.
Importance of Internal Trade
Internal trade is defined as the trade in which the consumption of products produced and sold in a country takes place. Internal trade is important for a country’s economy, because thanks to the trade activities carried out within the country, money circulation is provided in the country and the country’s economy grows. Internal trade also enables production within the country, thus increasing the employment rate in the country.
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Internal trade, taxes arising from trade activities within the country also contribute to the country’s budget. The importance of internal trade is quite large as it contributes to the growth of the country’s economy and increases the employment rate. Internal trade also directly affects the economic power and development of a country. Therefore, countries need to take various measures to increase and support their internal trade activities.
