Discuss the meaning of domestic territory

When domestic territory is defined in terms of economics, it means the economic territory that refers to the geographical territory which is administered by a government within which the persons, goods, and capital are circulated freely. 

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The following pointers are included in the domestic territory:

  • Territorial waters of the country are part of the domestic territory.
  • Ships and aircraft that are operated by the residents of the country are spread across the different parts of the globe.
  • Well-known establishments such as embassies, consulates, and military of a country are located in abroad.

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