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Business theme 4
4.1
4.1.5
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Sophie alvis
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Cards (5)
what are
trading blocs
?
a
group of countries that work togeather
to
promote free trade with one
and other
what is ASEAN?
association of south east
asian
nations
what is NAFTA?
north american free trade agreement
advantages of trading blocs
expand into new markets
freedom of movement
easier to source labour
disadvantages of trading blocs
monopolies
unemployment
costs associated
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