Question

Define chambers of commerce in business studies 1

Answer 1

A chamber of commerce is an association or network of businesspeople designed to promote and protect the interests of its members. A chamber of commerce, also known as a "board of trade," is often made up of a group of business owners that share a locale or interests, but can also be international in scope. They will choose leadership, name representatives and debate which policies to espouse and promote. Chambers of commerce exist all over the world. They do not have a direct role in creating laws or regulations, though they may be effective in influencing regulators and legislators with their organized lobbying efforts.