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Preferred term

economic union  

Definition

  • An economic union is the deepest form of economic integration between two or more countries that allows the free movement of capital, labor, and all goods and services. It also involves the harmonization and unification of social, fiscal, and monetary policies as well as labor market, regional development, transportation, and industrial policies. [Source: Encyclopedia of Business in Today's World; Economic Union]

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URI

https://concepts.sagepub.com/social-science/concept/economic_union

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