Common Market Advantages And Disadvantages

manufacturing bases and reduced their importation of products outside the region. Due to the level of economic development between China and the new member states, the structure of trade in industry, the prices of products and technologies, similarities in comparative advantages, little difference in comparative advantages, and the advantages possessed by these countries in geographical location, cultural practices and languages, the EU member states Of the commodities will likely replace the ones imported from China, and as a result, some Chinese exports to the EU will decrease. In fact, so-called free trade has never been free without restrictions. In any country, the protection of their respective interests is the top priority. When a country's

The common markets are the MERCOSUR, or "MERCOSUR"; there are some examples such as the Central American Common Market, the Caribbean Community, formerly known as the "Caribbean Community and the Common Market", the European Common Market; the Cross-Strait Common Market, and the Caucasian Common Market. The common market is a community of interests formed by regional economic integration. It is characterized by the complete abolition of tariff barriers among member states, the unification of tariffs among non-member states and the free movement of capital-labor among member countries. The Common Market goes further than the Customs Union and allows free movement of capital and labor among the member countries. The EU achieved a common market in early 1993. Representatives of the big market theory are Natovsky and De Neumann. The theory of big market is put forward for the common market. The Common Market takes a step further than the Customs Union in terms of its degree of integration. It unifies the small markets that are divided by protectionism and forms a large market. Then, through the fierce competition in the large market,

The expansion of consumption leads to the increase of investment, and the increase of investment leads to the decrease of price, higher salaries, and higher purchasing power. Only when the market is rapidly expanding can we promote and stimulate economic expansion. "The tomb of Titovs, from the current manpower in Western Europe, proposed that Western Europe falls into a category of high margins, low capital turnover, and high prices There is a vicious circle of "small market and conservative entrepreneurship." Therefore, only through the fierce competition under the common market or trade liberalization can entrepreneurs be forced to stop large-scale production by stopping the old-style small-scale production in the past and eventually there will be a virtuous cycle of positive expansion. Combining the explanations of Sitowski and De Neu, we can grasp the core of the big market theory, that is, realize economic benefits by expanding the market and acquiring economies of scale. It can also be generally stated that by establishing a common market and expanding the market, large-scale and large-scale production can be brought together in a relatively decentralized manner so that machines can be fully utilized, production can be more specialized, socialized, and high-tech can developed rapidly