(a) Common Markets to have a common currency to increase free trade and full
mobility of factors of production.
(b) Free Trade Areas - where barriers such as tariffs and quotas are removed.
(c) Customs Unions - member countries charge common external tariffs.
(d) Economic Union - where common economic institutions like banks arc set to
deal with monetary policy
Githiari answered the question on September 23, 2017 at 10:33
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