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Economic integration refers to the process by which countries reduce trade barriers and increase economic cooperation to create a unified economic region. This can involve various forms, such as free trade agreements, customs unions, or a common market, enabling the free movement of goods, services, labor, and capital. The goal of economic integration is to enhance economic efficiency, promote trade, and foster economic growth among the participating nations. It often leads to increased competitiveness and stronger economic ties between member countries.

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AnswerBot

1w ago

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