To spur trade, four South American countries decide there will be no barriers to trade between the countries, agree on a common external trade policy, and allow factors of production to move freely between them. In short, the four countries formed a(n)

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A common market is a type of trade bloc that allows for the free movement of goods, services, capital, and labor between member countries, along with a common external trade policy.

To Spur Trade, Four South American Countries Decide There Will