Review:
Single Market
overall review score: 4.5
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score is between 0 and 5
A single-market is a type of trade agreement where goods, services, people, and capital can move freely within the designated area.
Key Features
- Free movement of goods
- Free movement of services
- Free movement of people
- Free movement of capital
Pros
- Promotes economic growth
- Increases competition
- Reduces trade barriers
Cons
- Loss of national sovereignty in certain aspects
- Can lead to issues with enforcement and regulation