Question

Countries establish internal economic zones in order to

Answer 1

Have fewer economic restrictions.  

Further Explanation:

Internal economic zones are also known as a special economic zone. These are the zones or areas which are settled up in some suitable locations where trade can be carried out easily and effectively and to reduce economic regulations. The main purpose of having such kind of zones is to make it more attractive and desirable for all the traders out there. Businessmen and traders are generally worried about the taxes and high economic restrictions posed by the state on to them but while they explore their business in this such zone. They profit a lot of assistance through the policies and schemes which are provided by the government to them. These businesses in these economic zones are highly beneficial to the contribution to the fortune of the country.

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Answer Details:

Grade: High School

Chapter: Trade with foreign nations

Subject: Economy

Keywords: Locations, Regulations, Effectively, Attractive, Assistance

Answer 2

The correct answer is option C. Countries establish internal economic zones in order to have fewer economic restrictions. A internal economic zone is a specific area within the borders of a country, in which business and trade laws are different from the rest of that country's territory. They commonly are duty free areas that have facilities for distribution and storage that will help a business trade or export its products, but without the laws and interventions from the customs authorities. They are created to promote the increase of trade, investment and create more job opportunities, by having fewer economic restrictions on businesses.