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Economic union

• An agreement between two or more countries that allows the free movement of capital, labor, all goods and services, and involves the harmonization and unification of social, fiscal, and monetary policies.

 
 Embedded terms in definition
 Capital
 
 Related Terms
 

<< Economic surplus Economic value added >>

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A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. - Sir Winston Leonard Spenser Churchill

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