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5 Cards in this Set
- Front
- Back
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Freetrade area (FTA) |
A group of countries that remove trade barriers among themselves. |
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Customs union |
has common external policies on non-participants in order to combat trade diversion. |
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Common market |
allows the free movement of goods and people |
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Economic union |
members also coordinate andharmonize economic policies in order to blend their economies into a singleeconomic entity |
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Political union |
The integration of all political and economic affairs of a regionry response |
