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Class : 11
Unit : Economics

Concept of Foreign Employment and Remittance

Ans : If labor force of a country moves to another country for seeking job it is known as foreign employment. In other words foreign employment is defined as the working abroad for earning money. The money dent by people to their home country from foreign employment is known as remittance. Nepalese economy is increasingly becoming dependent on remittance sent by migrant workers. Currently Nepal’s major economic indicators do not show the satisfactory result. In this situation remittance have played an important role to sustain the economy of Nepal.
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