Economic Union
Trade bloc, Single market, Customs union, Freedom of movement, Good (economics), Service (economics)
978-613-6-76023-0
6136760231
172
2011-08-23
49.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. An economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production (capital and labour) and a common external trade policy. Purposes for establishing a economic union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.
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