The single market creates ………………………………. . tariff barriers trade restrictions free trade

The single market creates free trade.

A single market, also known as a common market, refers to a group of countries that have agreed to eliminate trade barriers among themselves. This means that goods, services, capital, and labor can move freely between member states without tariffs or other restrictions. Countries involved in a single market aim to promote economic cooperation and enhance trade relationships, which in turn drives economic growth and efficiency. By facilitating easier access to market opportunities, a single market enables economies of scale and offers consumers a greater variety of goods and services at competitive prices. The concept is fundamental within the European Union, where member states have committed to removing barriers to encourage economic integration.

In conclusion, a single market significantly contributes to the establishment of free trade among its members.