@prefix skos: <http://www.w3.org/2004/02/skos/core#> .
@prefix isothes: <http://purl.org/iso25964/skos-thes#> .

<https://concepts.sagepub.com/social-science/concept/economic_union>
  skos:prefLabel "economic union"@en ;
  a skos:Concept ;
  skos:narrower <https://concepts.sagepub.com/social-science/concept/common_markets> .

<https://concepts.sagepub.com/social-science/concept/common_markets>
  skos:definition "A common market is an advanced stage in economic integration, a process in which two or more countries, usually within a geographic region, agree to reduce barriers to economic transactions among themselves. It goes beyond a preferential trade agreement, in which the countries concerned offer each other lower tariffs than their normal rates, a free trade area, where member countries eliminate trade barriers among themselves, and a customs union, where they also establish common trade polices with respect to non-members. [Source: <a href=\"https://sk.sagepub.com/reference/businesstoday/n184.xml\" target=\"_blank\" data-id=\"to-sk\">Encyclopedia of Business in Today's World; Common Market</a>]"@en ;
  skos:broader <https://concepts.sagepub.com/social-science/concept/regional_economic_integration>, <https://concepts.sagepub.com/social-science/concept/economic_union> ;
  skos:prefLabel "common markets"@en ;
  a skos:Concept .

<https://concepts.sagepub.com/social-science/concept/regional_economic_integration>
  skos:prefLabel "regional economic integration"@en ;
  a skos:Concept ;
  skos:narrower <https://concepts.sagepub.com/social-science/concept/common_markets> .

<https://concepts.sagepub.com/social-science/concept/conceptgroup/concepts>
  a skos:Collection, isothes:ConceptGroup ;
  skos:prefLabel "concepts"@en ;
  skos:member <https://concepts.sagepub.com/social-science/concept/common_markets> .