Discuss the major features and effects of the Single European Market.

The single market refers to the EU as one territory without any internal borders or other regulatory obstacles to the free movement of goods and services. A functioning single market stimulates competition and trade, improves efficiency, raises quality, and helps cut prices. The European single market is one of the EU’s greatest achievements. It has fuelled economic growth and made the everyday life of European businesses and consumers easier.

The "Four Freedoms" of the single market are:

Free movement of goods

Free movement of capital

Freedom to establish and provide services

Free movement of persons

Goods

The range of "goods" or "products"covered by the term "free movement of goods" "is as wide as the range of goods in existence".Goods are only covered if they have economic value, i.e. they can be valued in money and are capable of forming the subject of commercial transactions. Works of art, coins which are no longer in circulation and water are noted as examples ______ ________ ____ ____ ___ ____ __________ _______ _________ ______ ___ _______.
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