Economic interest groups represent specific businesses or industries to influence economic decisions.
Economic interest groups are formed to represent the economic goals of specific types of businesses or industries. These groups include industries, corporations, trade associations, labor unions, and professional associations. They work towards influencing economic and business-related decisions made by lawmakers.
Business groups, like the National Association of Manufacturers, labor unions such as the Service Employees International Union, professional associations like the American Medical Association, and intergovernmental lobbies such as the National League of Cities are examples of economic interest groups.
Members of economic interest groups are financially invested in the group's success, making them powerful and well-organized with significant influence on economic policies.
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