An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is called a (n)

Question

Business

Miya Mckinney

4 February, 11:15

An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is called a (n)

+5

Answers (1)

Know the Answer?

Asa · Answer 1

Economic community

Explanation:

The European Economic Community (EEC) is indeed a global body whose objective was to set in economic cooperation between its member countries. It was established through the 1957 Treaty of Rome. The original goal of the Group was to carry about economic cooperation among its six founders, including a single market and monetary union: France, Belgium, Italy, Luxembourg, the Netherlands as well as West Germany.

After the Maastricht Treaty came into group in 1993, the EEC was called the European Union to demonstrate that it addressed a broader array than just economic policy. This was the time while the three European Committees, such as the EC, were consistently made into the intial of the European Union's key foundations, which was also established by the Treaty.