European Economic Community (EEC)

European Economic Community (EEC) definition - business

European Economic Community (EEC)

A group of Western European countries that have joined together to promote trade and economic and political cooperation. Essentially, the EEC represents an attempt to combine a group of countries into a single economic unit. Also called Common Market.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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