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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Define Common Market. - Economics

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Question

Define Common Market.

Definition

Solution

A common market is established through trade pacts. A group formed by countries within a geographical area to promote duty-free trade and free movement of labour and capital among its members, e.g. European Common Market (ECM).

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Chapter 8: International Economic Organisations - Model Questions [Page 174]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 8 International Economic Organisations
Model Questions | Q 24. | Page 174
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