Internal market

The European Union's (EU) internal market, also known as the EU Single Market, is a single market that seeks to guarantee the free movement of goods, capital, services, and people – the "four freedoms" – between the EU's 28 member states.

The internal market is intended to be conducive to increased competition, increased specialisation, larger economies of scale, allowing goods and factors of production to move to the area where they are most valued, thus improving the efficiency of the allocation of resources.