Question

Discuss the meaning of domestic territory

Answer 1

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 different parts of the globe.
• Well-known establishments such as embassies, consulates, and the military of a country are located in abroad.