which term refers to the type of buying and selling that takes place within a country
The term that refers to the type of buying and selling that takes place within a country is internal trade (also commonly called domestic trade or home trade).
Because your question is simple, here’s a quick breakdown:
- When goods and services are bought and sold within the geographical boundaries of one country, it is called internal trade.
- This can happen between people or businesses in the same town, different cities, or different states, as long as it stays inside the same country.
- Internal trade is different from international trade , which involves buying and selling across national borders.
Answer: internal trade.