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Are the Concepts of Demand for Domestic Goods and Domestic Demand for Goods the Same? - Economics

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प्रश्न

Are the concepts of demand for domestic goods and domestic demand for goods the same?

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उत्तर

In a closed economy, the demand for domestic goods and domestic demand for goods are similar terms. However, in an open economy, these two terms have different meanings. Demand for domestic goods includes both domestic and foreign demand for domestic goods. Whereas, domestic demand for goods refers to the domestic market demand of a country, that is either produced domestically or abroad (foreign countries).

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पाठ 6: Open Economy Macroeconomics - Exercises [पृष्ठ १०१]

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एनसीईआरटी Economics - Introductory Macroeconomics [English] Class 12
पाठ 6 Open Economy Macroeconomics
Exercises | Q 9 | पृष्ठ १०१
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