what is a single market?

[Jay_J]

i'm doing my social homework and one question says define single market, and i dont what it is. help plzzz....

[Saul M]

One Market.... Duh

[Jenny L]

google it

[parth p]

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]

Single market, like in the EU, where trade between the member states is treated (almost) as though it was all one country.

[çç pOji â„¢]

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.