What is domestic territory of a country explain in easy world...???
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Domestic territory, as used in national accounting, has a special meaning and is much bigger than the political frontiers of a country. According to United Nation, “Economic territory is the geographical territory administered by a government within which persons, goods and capital circulate freely.”
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Domestic Territory of a Country In terms of National Income accounting, domestic territory of a country refers to the areas of operation generating domestic income. It includes two things:
(i) Territory within the political boundaries of a country.
(ii) All ships, aircraft, vessels owned and operated by the resident of the country and generating income of the country
I hope my answer help to u and right
(i) Territory within the political boundaries of a country.
(ii) All ships, aircraft, vessels owned and operated by the resident of the country and generating income of the country
I hope my answer help to u and right
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