Question

Which of the following are characteristics of an economic union?

Answer 1

The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production (capital and labour) and a common external trade policy.

Step-by-step explanation:

Answer 2

common trade regulation ,free movement of capital and labor and free movement of goods.

Step-by-step explanation:

An economic union is a trade that is composed of a common market with a customs union. The countries participating have both common policies on product regulation, freedom of movement of goods, services and the factors of production that is the capital and labor and common external trade policy.