In this episode I am explaining about some basic concepts of national income. These are normal resident and domestic. Normal resident is a person who normally resides in a country and perform different economic activities like consumption saving investment etc. domestic territory refers to an area or territory which is governed and administrated by domestic government and in this area flow of goods factors and capital is free. I hope listening this podcast you will be able to know these concepts.--- Send in a voice message: https://podcasters.spotify.com/pod/show/economicsstudy/message