What is a trading bloc? What will be an ideal response?
QUESTION
What is a trading bloc?
What will be an ideal response?
ANSWER
Answer: A trading bloc is a group of nations within a geographical region that have agreed to remove trade barriers with each other.
Explanation: A trading bloc is a group of nations within a geographical region that have agreed to remove trade barriers with each other. Other terms for this arrangement include common market and economic community.
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