What is the Difference between domestic …

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Gaurav Seth 6 years, 7 months ago
Domestic territory is the geographical territory administered by a govt. within which persons, goods and capital circulate freely. Domestic territory is also called economic territory. It refers to the political frontiers of a country.
International organisations which are physically located within geographical boundaries of a country are not a part of domestic territory since their offices form part of the international territory.
Normal resident of a country refers to an individual or an institution who ordinarily resides in the country and whose centre of economic interest also lies in that country.
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