Single Market

A Single Market is an economic region where goods, services, people, and capital can move freely between member countries without tariffs or restrictions. This arrangement fosters competition, lowers prices, and enhances consumer choice. It typically involves harmonizing regulations so that businesses can operate easily across borders. The European Union is one of the most well-known examples of a Single Market, allowing member states to benefit from a larger economy while maintaining individual national policies. Overall, a Single Market aims to create a more integrated and efficient economic environment.