Market systems are clusters of countries that engage in high levels of trade with one another.

Question

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Market systems are groups of countries that have high levels of trade and economic interdependence with one another, typically characterized by free trade agreements and open borders for the movement of goods and services. Examples include the European Union, North American Free Trade Agreement (NAFTA), and the Association of Southeast Asian Nations (ASEAN).

Market Systems Are Clusters of Countries That Engage in High