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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.
Definition of External Conflict. External conflict is a struggle that takes place between the main character and some outside forces. Therefore, it is outside the body of the protagonist. Usually, it occurs when the protagonist struggles against the antagonist, a character that opposes the protagonist in the main body of the story.