Correct the underlined word and rewrite the following sentences.

1) When the trade activities are conducted between two or more countries, it is called as internal trade.
Ans:- When the trade activities are conducted between two or more countries, it is called as external trade

2) Export trade refers to the purchase of good and services from foreign country.
Ans:- Import  trade refers to the purchase of good and services from foreign country.

3) The price charged in departmental stores is comparatively less.
Ans:- The price charged in departmental stores is comparatively high

4) Wholesaler requires less capital.
Ans:-  Retailer requires less capital.

5) Tariff rates of various countries affect the internal trade.
Ans:- Tariff rates of various countries affect the external trade