Are the concepts of demand for domestic goods and domestic demand for goods same?
Download our app for free and get started
No, both the above stated concepts are not the same. Demand for domestic goods refers to the demand for goods made in domestic country by foreigners as well as natives. On the other hand, domestic demand for goods refers to the demand of a domestic country for goods which may be manufactured locally or abroad.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionWhen will balance of trade show a deficit?
- 2View SolutionA country's balance of trade is ₹ (-) 60 crores and value of import of goods is ₹ 100 crores. Find out the value of export of goods.
- 3View SolutionDefine autonomous transactions in BoP.
- 4View SolutionName the two sub-accounts (or parts) of BoP accounts.
- 5View SolutionDefine devaluation of domestic currency.
- 6View SolutionWhat does balance of payments account of a country record?
- 7View SolutionWhen is there a deficit in the balance of trade?OR
What does a deficit in balance of trade account indicate? - 8View SolutionDefine Balance of Payments on current account.
- 9View SolutionState which of the following is a visible item and which is an invisible item:
- Export of jute product.
- Software service experts.
- 10View SolutionDefine Balance of Payments on capital account.