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Economic Blocs
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Summary
Economic blocs are like clubs where countries join together to help each other trade and make money. By working as a team, they can buy and sell things more easily and make their people happier.
Concepts
Free Trade Agreement
Tariff
Trade Barrier
Regional Integration
Customs Union
Common Market
Economic Union
Trade Liberalization
Multilateral Trade Agreement
Economic Cooperation
Relevant Degrees
Global Economy 88%
Economic Policy and Planning 13%
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