Concept information
Preferred term
single markets
Definition
- A single market is a common market between member states where barriers have been removed to enable free movement of goods, services, capital, and labor. These barriers may take various forms including physical borders, product standards, national laws and regulations, fiscal taxes, and foreign discrimination. [Source: Encyclopedia of Business in Today's World; Single Market]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/single_markets
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