Submersion of all separate national institutions and perfect unification of all policies by a common organization is a characteristic of economic unions.

Question

Quizplus · Accepted Answer

Economic unions aim for economic integration and cooperation, but they do not necessarily require the submersion of all separate national institutions or the perfect unification of all policies. Some economic unions may involve partial or selective harmonization of policies while maintaining separate national institutions.

Submersion of All Separate National Institutions and Perfect Unification of All