explain the concept of normal residents?
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Explanation:
Normal resident is said to be one who ordinarily resides in the country concerned and whose center of economic interest lies in that country. A person is said to have his economic interest in a country when he conducts his economic transactions in that country on a significant scale.
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Normal resident is said to be one who ordinary Wizard eyes in the country concerned and whose centre of economic interest lies in that country. a person is said to have this economic interest in a country when he conducted his economic transactions in that country on a significant scale. normal residence include :
- A - citizens and Institutions of a country who normally resides and whose centre of economic interest lies within that country.
- B - citizens of other countries who continue to live in our country for a period more than one year and will centre of economic interest lies within our country.
- C - citizens of our country working in international organisations like World Bank and IMF.
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