European Economic Community (EEC)
Definition: The European Economic Community (EEC) is a group of European countries that came together after World War II. The main goal of the EEC was to make trade easier between these countries and to help them work together more closely. The EEC was created in 1957 and later became part of what we now know as the European Union (EU).
Usage Instructions: - Use "European Economic Community" when talking about the historical organization that aimed to improve economic cooperation and trade among European nations. - You can refer to it as "EEC" after you first mention the full name.
Example: - "The European Economic Community was formed to help countries in Europe trade more freely with each other."
Advanced Usage: - In discussions about history or economics, you might say: "The EEC played a crucial role in the integration of European economies, which laid the groundwork for the later development of the European Union."
Word Variants: - EEC (abbreviation) - European Union (EU): The EEC evolved into the EU in 1993, which has broader political and social goals in addition to economic ones.
Different Meaning: - The term "European Economic Community" specifically refers to the organization and its functions during its existence. It should not be confused with other economic organizations or unions outside of Europe.
Synonyms: - European Community (before it became part of the EU) - Common Market (another term used for the EEC, emphasizing the trade aspect)
Idioms and Phrasal Verbs: - There are no specific idioms or phrasal verbs directly related to the "European Economic Community." However, you might hear phrases like "trade barriers" or "economic integration" often used in discussions about the EEC.
Summary: The European Economic Community was an important organization for European countries that aimed to improve trade and cooperation.