Explain briefly the concept of domestic territory.

1.	Explain briefly the concept of domestic territory.
Answer» Domestic territory has special meaning in economics. It includes the following besides the geographical or political boundary: (i) Territorial waters of the country; (ii) Ships and aircrafts owned and operated by the residents of the country between two or more countries; (iii) Fishing vessels, oil rigs, and floating platforms operated by the residents in the international waters; (iv) Embassies, consulates, high commissions and military establishments of the country located in foreign lands.

Answer»

Domestic territory has special meaning in economics. It includes the following besides the geographical or political boundary:

(i) Territorial waters of the country;

(ii) Ships and aircrafts owned and operated by the residents of the country between two or more countries;

(iii) Fishing vessels, oil rigs, and floating platforms operated by the residents in the international waters;

(iv) Embassies, consulates, high commissions and military establishments of the country located in foreign lands.

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