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What is intra-industry trade?
Intra-industry trade is trade of goods of same industry happening between countries. One suchexample is when a country is importing and exporting goods of same industry like a countrywhich is both exporting and importing machines related to production of goods.
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Chapter 19
International Trade
Introduction
How Markets Work
Markets and Welfare
The Economics of the Public Sector
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intra industry trade refers to the idea that AH country exports and imports a similar goods that are within the same industry. So, for example, USA USA imports and exports cars, so they produce and export the cars, they send it to another country and they also bring in cars from a different country.
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