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Freedom of relocation of factors of production is typical to this form of regional integration Free...

  1. Freedom of relocation of factors of production is typical to this form of regional integration

    1. Free trade

    2. Customs union

    3. Common market

    4. Economic community

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Answer #1

Common market

Common market is a kind of market where the most trade barriers have been removed with some common policies on product regulation, and freedom of movement of the factors of production and of enterprise and services.There are lot of benefits with the common market and there is a freedom of movement of the factors of production between the member countries, and this movement will defenitely leads to more profuctivity. Here there will be the relocation of factors of production is emphasized.

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