Abstract
Apart from the political advantages of a united Western Europe, the concept of the EC’s Single Market is based on economic principles, chiefly the theory of comparative costs and the advantages of economies of scale and increased competition which are made possible by a large market.
This is a preview of subscription content, log in via an institution to check access.
Copyright information
© 1994 J. Harvey and Janet Johnson
About this chapter
Cite this chapter
Harvey, J., Johnson, M.K. (1994). The European Community. In: Modern Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-23360-1_41
Download citation
DOI: https://doi.org/10.1007/978-1-349-23360-1_41
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60835-7
Online ISBN: 978-1-349-23360-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)