Economic union

Economic union

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What Wikipedia says

An economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production (capital and labour) as well as a common external trade policy.

Excerpt from the Wikipedia article “Economic union”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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