Correct option is A
Introduction:
The European Union (EU) is the world's largest single/regional market, based on the extensive integration of its member economies and the free movement of goods, services, capital and people within the EU.
Information Booster:
The EU functions as a single internal market, removing most trade barriers among its member states and establishing common rules for trade and competition.
Additional Knowledge:
- EU: Regional economic and political organisation with a highly integrated internal market.
- OPEC: Organisation of petroleum-exporting countries; primarily concerned with petroleum policies.
- SAFTA: South Asian Free Trade Area.
- ASEAN: Regional organisation of Southeast Asian countries.
Correct option: (a) EU
English
10 Questions
20 Marks
12 Mins
