Economy, asked by vinaypal738, 1 year ago

What is domestic territory of a country explain in easy world...???

Answers

Answered by gopeshtiwari26
2
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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Answered by Anonymous
6
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


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