Internal trade uses rupee as the currency.

Entrepot trade means importing of goods from one country and exporting the same to foreign countries. It is also known as 'Re-export trade'.

Import trade means buying goods from a Foreign Country for domestic use. Example, India imports petroleum products from Gulf Countries.

On the basis of geographical location of buyers and sellers, trade can be broadly classified into two categories;
1) Internal Trade
2) External Trade

International trade is a trade between a seller and buyer of different countries. It involves the exchange of goods and services of one country with another country.

The buying and selling of goods and services consists of trade. The essence of trade is to make goods and services available to those persons who need them and are able and willing to pay for them.

1. The essence of trade is to make goods and services available to those persons who need them and are able and willing to pay for them.
2. Trade is conducted in order to earn profit.
3. Trade acts as an intermediary in exchange of commodities between the producer and consumer.

1. Anandha maligai goods traders
2. Apollo pharmacy
3. Ulavar sandhai

Wholesale Trade:
"Purchase of goods in bulk from the manufacturers and selling them in smaller quantities to other intermediaries" is known as wholesale trade.

Example:
i. Indian diamond merchants in Surat import uncut diamonds from South Africa, they cut and polish the diamonds in their units in India and re-export them to the International Diamond Market in Amsterdam.
ii. India imports rubber from Thailand and export it to Japan.

Home trade consists of two main subdivisions namely
Wholesale trade:
"Purchase of goods In bulk from the manufacturers and selling them in smaller quantities to other intermediaries" IS known wholesale trade.
Retail Trade:
Retail trade deals with the distribution of goods in small quantities to the consumers.

Features of Internal Trade:
The following are the features of internal trade
1. The Buying and Selling of goods takes place within the boundaries of the same country.
2. Payment for goods and services is made in the currency of the home country.
3. It involves transactions between the producers, consumers and the middlemen.
4. It consists of a distribution network of middlemen and agencies engaged in  exchange of goods and services.
5. In home trade, the risk of transportation is very less when compared to Foreign Trade.
6. In home trade, the laws prevailing in that country only have to be followed.
7. The aim of home trade is to provide the goods and services economically.
8. Goods must be a part of domestic production.
9. Goods must be purchased from an individual or a firm established within a country.
10. Goods can be delivered using locally available modes of transports.
11. It does not involve any customs import duty, but buyers needs to pay the taxes like GST.