Answer to Question #156245 in Macroeconomics for abdikadir-birre

Question #156245

what is different between inter-indusrty and intra-industry


1
Expert's answer
2021-01-19T07:22:14-0500

In general terms, if the trade involving the exchange of goods and services by the same industry (similar products) is known as “Intra-industry trade” and in the same manner if different industries (different products) known as “Inter-industry trade”. Whatever the trade is different in terms of the basis of trade, the pattern of specialization, and the direction of trade, and the implications for policy. Inter-industry trade is contrasted with intra-industry trade, which is a consequence of imperfect competition and often takes place between countries with very similar factor endowments.


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