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| Topic: |
Business
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| Number of pages / Number of words: |
20 / 5493 |
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Furthermore, the common market enables factor inputs such as land, labor, and capital to move freely among member nations; and besides it encourages entrepreneurings. The purpose of this function is to promote capital, labor, goods, and services move as facile as possible.
In order to permit member countries to these free movements, member countries need to adjust many sorts of policy area...
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More specifically, to achieve the free movement of labor, mutual certification of academic degrees and job certifications; and also compatibility of social policies are required. Additionally, to achieve the free movement of services, facilitation of establishment of facilities is required.
Well-known examples of the established common market are the following: EU (The European Union), MERCOSUR (Spanish: Mercado Comun del Sur, English: Southern Common Market), and CARICOM (The Caribbean Community single market)...
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