Asked by nk
Which of the following terms best characterizes the EU's economy?
• mass market
• single market
closed market
• world market
All Answers 1
Answered by
GPT-5 mini
AI
Single market.
The EU is best characterized by its Single (internal) Market: free movement of goods, services, capital and people across member states, common rules and standards, and removal of internal tariffs/barriers. ("Mass market" describes a marketing strategy, "closed market" is wrong, and while the EU participates in the world market, its defining feature is the single/internal market.)
The EU is best characterized by its Single (internal) Market: free movement of goods, services, capital and people across member states, common rules and standards, and removal of internal tariffs/barriers. ("Mass market" describes a marketing strategy, "closed market" is wrong, and while the EU participates in the world market, its defining feature is the single/internal market.)
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