The EU wants its citizens to be able to live, work, study, shop, retire, and enjoy goods from any of its member countries. To accomplish this, it ensures unrestricted mobility of people, capital, goods, and services inside an unified EU internal market.
One of the four distinguishing characteristics of the European Single Market is the freedom of movement of people, money, products, and services. They are additionally known as the "four freedoms."
The single market seeks to ensure the unimpeded flow of people, capital, products, and services, commonly known as the "four freedoms." All EU member states are required to abide by a set of uniform laws and regulations, which makes this possible.
The European Single Market is a financial success, accounting for more than 15% of the world economy's GDP. The EU Single Market has made a number of noteworthy accomplishments, including: Rome Treaty of 1957. There was only one European Act in 1986.
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