What is the main difference between an Economic... - SS3 Economics Types of Economic Integration Question
What is the main difference between an Economic Union and a Political Union?
An Economic Union involves the removal of trade barriers, adoption of a common external trade policy, free movement of goods, services, capital, and people between member countries, and coordination of economic policies such as taxation and social welfare. A Political Union involves the formation of a single political entity, with a common government, legal system, and foreign policy.
Please share this, thanks:
#SS3 #SS3
Add your answer
No responses