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What is a trade bloc? - Political Science

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प्रश्न

What is a trade bloc?

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उत्तर

A trade bloc is created when a group of nations make special agreements regarding their economic relationships with each other. The agreements generally focus on the relaxation or even elimination of trade barriers. The most common types of trade barriers are tariffs (taxes on imports) and quotas (limits or the quantities of various imports).

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पाठ 10: The world since 1945 - 2 - Exercise [पृष्ठ ९२]

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बालभारती Political Science [English] 11 Standard Maharashtra State Board
पाठ 10 The world since 1945 - 2
Exercise | Q 5. 2 | पृष्ठ ९२
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