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+--- Thread: what is a single market? (/thread-124629.html)
what is a single market? - Jay_J - 04-04-2014 05:47 AM
i'm doing my social homework and one question says define single market, and i dont what it is. help plzzz....
- Saul M - 04-04-2014 05:49 AM
One Market.... Duh
- Jenny L - 04-04-2014 05:54 AM
google it
- parth p - 04-04-2014 05:59 AM
common market is a customs union with common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise. The goal is that movement of capital, labour, goods, and services between the members is as easy as within them. This is the fourth stage of economic integration.
Sometimes a single market is differentiated as a more advanced form of common market. In comparison to common a single market envisions more efforts geared towards removing the physical (borders), technical (standards) and fiscal (taxes) barriers among the member states. These barriers obstruct the freedom of movement of the four factors of production. To remove these barriers the member states need political will and they have to formulate common economic policies.
- crzywriter - 04-04-2014 06:06 AM
Single market, like in the EU, where trade between the member states is treated (almost) as though it was all one country.
- çç pOji â„¢ - 04-04-2014 06:21 AM
You should learned at school that there's something called Wikipedia on the Internet... yes, it's not always a reliable source but most of the time it is.
http://en.wikipedia.org/wiki/Single_market
MR. PARTH P IS A LOSER... HE SIMPLY JUST COPIED OUT OF WIKIPEDIA WITHOUT GIVING THE SOURCE.