Question

what are special economic zones write two characteristics of special economic zones

Answer 1

A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration.

Answer 2

Special economic zone::

Why-

* relaxation in taxes (import/export)

* liberal labour laws

What-

* location with world-class infrastructure

like road, electricity, storage,

water, transport

* recreation and education for the society

How-

* to attract foreign companies

* to insert and setup production units

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