European Union Single Market

The European Union Single Market is a unified system allowing goods, services, people, and capital to move freely across member countries. It aims to reduce barriers like tariffs and regulations, creating a seamless economic area similar to a single country. This promotes trade, competition, and economic growth among member states while maintaining national sovereignty over certain policies. The single market benefits consumers with more choices and lower prices, and businesses with larger markets and simplified rules. Overall, it encourages integration and cooperation, fostering prosperity across the EU.