Similarities in political structures, shared histories and economic development levels have encouraged firms to regard Western Europe in single market terms

Question

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The European Union (EU) has facilitated a single market among its member countries, promoting free movement of goods, services, capital, and labor, and aligning regulations and standards. This integration, along with shared political structures, histories, and similar levels of economic development, encourages firms to view Western Europe as a cohesive market.

Similarities in Political Structures, Shared Histories and Economic Development Levels