4.1.5 Trading blocs
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Last updated 7:00 PM on 12/29/25
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4 Terms
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Trading bloc
A group of countries that have decided to reduce or remove barriers to trade.
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Advantages of trading blocs
Larger market access, economies of scale, access to new suppliers.
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Disadvantages of trading blocs
Increased competition, market saturation, risk of overdependence.
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