Question

What is the meaning of Domestic Territory?

Answer 1

Answer:

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.

According to the United Nations, Economic Territory or domestic territory is the geographical territory, administered by a government within which, persons, goods and capital circulate freely.

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