Question

Formation of regional economic groupings does not lead to trade

Answer 1

Answer:

Regional groups are local groups of people based on their likes and dislikes. things that are common between them. Regional Economic Groups are those that are based on similar financials and ways of earning.

These regional economic grouping based on the sameness between people do not lead to diversions in trade as same items are bring traded between a group or outside a group an identical item exists hence imports are important to bring diversity in the market. Either these are from different states or different countries.

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Explanation:

Since its inception in "1997", the "Indian Oc

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