Final answer:
The buying and selling of products within a particular country is known as domestic commerce. It differs from globalization, which refers to the international exchange of goods and services that cross national borders. The correct option is C. domestic commerce
Step-by-step explanation:
The buying and selling of products within a particular country is known as domestic commerce. This is to be contrasted with globalization, which is the trend where buying and selling in markets have increasingly crossed national borders.
Domestic commerce typically means the firms within a country are sellers of what they produce and the households and local businesses are the buyers, without involvement from foreign entities. This includes both goods and services that are made and consumed within the country.
When we speak about international trade, however, we refer to the exchange of goods and services across national borders.
This plays a significant role in a nation's gross domestic product (GDP) and involves various policies and measures, like tariffs or quotas, to regulate trade.
Such economic activities are of high importance due to factors such as industrialization, advanced transportation, globalization, and the influence of multinational corporations. The correct option is C. domestic commerce