An Economic Zone is a designated area within a country where business and trade laws differ from the rest of the country. These zones are created to attract foreign investment, boost economic growth, and create jobs. They often offer incentives such as tax breaks, reduced regulations, and improved infrastructure to encourage companies to set up operations. There are various types of economic zones, including Free Trade Zones, Special Economic Zones, and Export Processing Zones. Each type has specific rules and benefits tailored to promote certain industries or activities. Countries like China and India have successfully implemented these zones to enhance their economic development.