A group of countries committed to eliminating trade barriers, adopting a common external trade policy and allowing factors of production to move freely between members is known as:

Question

Quizplus · Accepted Answer

A common market refers to a group of countries that have eliminated trade barriers among themselves, adopted a common external trade policy, and allow the free movement of factors of production (such as labor and capital) between member countries.

A Group of Countries Committed to Eliminating Trade Barriers, Adopting