Report On The Single European Market

1448 Words6 Pages
REPORT ON THE SINGLE EUROPEAN MARKET Explain the setting up of the Single European Market since the Single European Market Act, evaluate how it works, its successes, failures, recent changes and prospects for the future. 1. Single European Market Today, The Single European Market otherwise known as the (Internal Market) grants people and businesses with the privilege to trade and move openly across borders within the EU. This has had a huge impact on the world we live in today it altered the way Europeans live, travel and work also to study and do business. The concept of setting up a European Single market is to bring unity to the EU; this encounters money, goods, people, and services to collaborate freely to arouse competition and trade. The next multi-annual Single Market strategy is booked for adoption in 2007 previous to conception by the commission in 1985; since more areas have been added to the primary list of countries joining this has implemented regulatory and legal barriers this is to sustain to the exclusion of other barriers of an economic. Physical (infrastructure), linguistic cultural or nature. The Single European Market otherwise known as the allows free movement of capital and services, the European Economic Community was the first example of a common market along with other communities. The determination behind these communities was designed to generate develop a response to encourage citizens and businesses to use the
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