economic integration

  

Definition

The elimination of tariff and nontariff barriers to the flow of goods, services, and factors of production between a group of nations, or different parts of the same nation.

Use this term in a sentence

  • You should familiarize yourself with any barriers so that you can find out if you are dealing with an economic integration.

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  • I really liked the fact that there would be a lot of economic integration going on between the nations coming up in the next couple of weeks.

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  • The UN meeting was centered around Economic Integration. They wanted to eliminate tariffs and other barries so that imports and exports could flow easier between countries and improve economies.

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