Economic integration is a driving force in making markets more unified and therefore making product standardisation more likely.

Question

Quizplus · Accepted Answer

Economic integration, such as free trade agreements or customs unions, aims to reduce trade barriers and promote the flow of goods and services among member countries. As a result, markets become more unified and it becomes easier for businesses to trade and sell their products in other countries. This can lead to increased pressure for product standardisation in order to meet the requirements and regulations of various markets.

Economic Integration Is a Driving Force in Making Markets More