Competing in the single European market raises some interest

Competing in the single European market raises some interesting market segment questions. Discuss the segmentation issues regarding this multiple-country market.

Solution

it is also called as common market, where all the objectives are similar and market conditions also common. a single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.

the goal is that the movement of capital, labour, goods, and services between the members is as easy as within them, and only the group member nations will be benefited with every kind of action.

but when it comes to realilty, this kind of segmentation does not really helps to the members and with the rest of the world also. in this globalization scenario, each nation has to open its services to others and it has to accept it from others. perhaps these kind of segmentation only facilitates and helps the group nations to support with each other, but not with the rest of the world.