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