A(n)__________ has features of a customs union but goes a step further by eliminating barriers that restrict the movement of labor,capital,and technology among member nations.

Question

Quizplus · Accepted Answer

A common market is a type of regional integration where member countries have removed trade barriers and also allow the free movement of factors of production, including labor, capital, and technology. This creates a single market among the member countries, allowing for greater efficiency and economic benefits.

A(n)__________ Has Features of a Customs Union but Goes a Step