Economics B A-Level
Free trade area
What Free trade area means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Free trade area
Check what you remember
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Reference: Pearson Edexcel
Arrangement such as NAFTA, which removes tariffs on goods but, unlike a single market, does not allow free movement of factors of production.
Topics that use Free trade area
- Trading blocs (Pearson Edexcel A-Level)
Related terms
- Economic interdependence
- Macroeconomic shocks
- Single market
- Supply chain integration
- Trade creation
- Trade diversion
- Trading blocs
- Economic integration
Using Free trade area in the exam
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