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

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Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

28-Mar-21 16:11

34

Answers (5)

Peace


Aswini Gorige

Aswini Gorige

CA Inter

4K+

28-Mar-21 17:45

Peace

What ?


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

28-Mar-21 17:48

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


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

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

Aswini Gorige

CA Inter

4K+

29-Mar-21 12:38

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.


Madhuri Veluri

Madhuri Veluri

Moderator

30-Mar-21 11:59

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