Differentiate between international trade and international business.



Q.1:- Differentiate between international trade and international business.

 

Answer:-



S.N. International Trade International Business
(i) International trade means movements of goods only. Business transaction that takes place between two or more countries is known as international business.
(ii) It involves only the movements of goods and international currency is used for dealing. It involves not only the international movements of goods and services but also capital, personnel, technology and intellectual property like trademarks of patents.
(iii) International trade is a narrow term. International business is much broader than international trade.