Economic integration
What Economic integration means in Economics A-Level, as defined for AQA.
Definitions of Economic integration
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Reference: AQA
The process multinational corporations accelerate by deepening economic interdependence and integrating global markets.
A process with stages, of which a customs union is a specific stage that builds upon a free trade area.
Topics that use Economic integration
- Globalisation (AQA A-Level)
- Trade (AQA A-Level)
Related terms
- International trade
- Comparative advantage
- Deadweight welfare loss
- Economic efficiency
- Economies of scale
- Export subsidies
- Foreign direct investment
- Gains from trade
Using Economic integration in the exam
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