Article

18-03-2026

Wednesday, 18 March 2026

ECSC - European Coal and Steel Community ✅ EEC - European Economic Community ✅ Common market - a group of countries imposing few or no duties on trade with another, and a common tariff on trade with other countries ✅

^ benefit - enables more trade between countries, countries are no longer individual but traded with as a block downside - cannot set your own tariffs on specific items