A trading area is an economic unit that ignores political and other non-economic boundaries.

Question

Quizplus · Accepted Answer

A trading area is defined by the flow of goods and services and does not depend on political or non-economic boundaries such as state or country borders, nationality, or cultural differences. It is a form of economic integration where different regions or countries engage in trade activities for mutual benefits, without any restrictions or limitations.

A Trading Area Is an Economic Unit That Ignores Political