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. |