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Doubt

Economics

What is the role of rest of the world in factor market.. ?

Sri kanaga Varshini

CA Final

★ 3K+

28-Mar-21 16:11

308

Answers (5)

Peace

Aswini Gorige

CA Inter

★ 7K+

28-Mar-21 17:45

Aswini Gorige

Peace

What ?

Thread Starter

Sri kanaga Varshini

CA Final

★ 3K+

28-Mar-21 17:48

Still my doubt is not cleared some one help me with it.

Thread Starter

Sri kanaga Varshini

CA Final

★ 3K+

28-Mar-21 22:39

Other than House holds, government and firms is Rest of world .and same role as house holds,govts,and firms

Aswini Gorige

CA Inter

★ 7K+

29-Mar-21 12:38

Thread Starter

Sri kanaga Varshini

Still my doubt is not cleared some one help me with it.

The rest of the world (also known as foreign sector) includes households, businesses, and governments that reside in other countries. The domestic economy trades goods with the foreign sector through exports and imports. Exports are the injections in the national income, while imports act as leakages or outflows of national income.