Question

(xv) Define domestic trade.​

Answer 1

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Step-by-step explanation:

`\underline{ \fbox{ \sf{Domestic \: trade}}}`

If the trade takes place within the country, it is called domestic trade. The goods and services manufactured in one place may not be available in another place. Therefore , buying , selling or supplying of goods and services take place from one place to another place with in a country. Example: Supply of vegetables and fruits in the urban areas from the villages etc. Hence, the internal / domestic trade fulfills the needs of different localities.

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Answer 2

Exchange of domestic goods within the boundaries of a country