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10 June, 22:41

A specific territory or zone that has laws and regulations different from the rest of the country is called an)

work zone

border zone

tax-free zone

economic zone

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  1. 10 June, 23:01
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    Economic Zone is the correct option.

    Explanation:

    The area in which trade and economic zones are different from the rest of the country is known as Special Economic Zones. They are located inside the country. The main aim of establishing SEZ is to increase investment, employment, and Job creation.

    For the promotion of Investments in Special Economic Zones special financial policies are introduced by the government, companies are granted period of lower taxation to establish themselves, the major aim is to get more FDI (Foreign Direct Investment). In some countries the zones have been successful while in some others they are little more than labor camps.
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