"Domestic Content" refers to the portion of a product that is made within a specific country, using local materials and labor. This concept is important for understanding how much of a product contributes to the local economy. Governments often encourage domestic content to promote local industries and create jobs. In many cases, regulations may require a certain percentage of domestic content for products to qualify for government contracts or incentives. This can apply to various sectors, including manufacturing, construction, and technology. By supporting domestic content, countries aim to strengthen their economic independence and reduce reliance on foreign imports.