Question

Country a specializes in the production of rice because it can do so efficiently, but it imports electronics because it is not able to produce them as efficiently as the country they import from. What is this an example of?.

Answer 1

It's an example of, Factors such as domestic demand and domestic rivalry explaining nations' dominance in production.

Domestic demand forecast. Final domestic demand is the total of ultimate consumption, investment associate degreed stock building expenditures by the personal and general government sectors in real terms. Total Domestic Demand (TDD) is the Final Domestic Demand and the worth of physical changes in stocks. TDD contains several of the weather accustomed calculate Gross Domestic Product (GDP) by the Expenditure Method, and then it's an indicator of what proportion the economy as an entire is growing.

The total quantity of cash that's spent on merchandise and services by the people, companies, and government in a selected country, or that may be spent if the goods and services were available: increased/growing/falling domestic demand. A life of spending. Specifically, the total of ultimate consumption, investment, and stock-building expenditures, by each person and government sector.

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