Spain and Italy are both members of the European Union. Nayeli, a Spaniard, is able to purchase Italian-made bags from a handbag store in Spain without paying additional taxes. The market created by the European Union is a(n) _____.

Question

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The European Union (EU) creates a single, large market among its member states, allowing for the free movement of goods, services, capital, and people. This integration facilitates a globalized market environment within the EU, where products like Italian-made bags can be sold in Spain without additional taxes, promoting trade and economic cooperation among member states.

Spain and Italy Are Both Members of the European Union