Economic union

Updated: Aug 20, 2021

An international agreement with provisions for a common market and the harmonization of certain economic policies, particularly macroeconomic and regulatory policies. The primary example is the European Union.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.