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Internal means factors or components within a business that can be controlled and external is the exact opposite. External factors, economy, competitors etc... Internal means something done from the inside and external means the opposite, something done from the outside.
internal. situated or occurring within or on the inside, as in a hollow structure; in anatomy, many structures formerly called internal are now termed medial. (in-ter'nÄl), [TA] Do not confuse this word with inner or medial.