Groups of countries that band together to promote trade amongst themselves and to make it easier for member nations to compete elsewhere are called ________.

Question

Quizplus · Accepted Answer

Economic communities are groups of countries that form agreements to promote trade and economic cooperation. This includes reducing trade barriers and increasing economic integration between member nations. Examples of economic communities include the European Union and the Association of Southeast Asian Nations (ASEAN). The other options listed do not accurately describe this concept.

Groups of Countries That Band Together to Promote Trade Amongst