The Community’s Internal Market

Abstract

A common market is a customs union, having completed, in addition to product market integration, the integration of services markets and of markets for production factors such as labour, financial capital, entrepreneurial and management resources and technological knowledge. Another way of putting it — found in economic law — is that a common market is a group of countries wherein all private economic agents are free to trade, to invest, to offer services, to work and to pay or purchase wherever they prefer. Essential is that all the economic freedoms, normally enjoyed in a national market, extend to the total area of the group.