1. The European Union THE EUROPEAN UNION How has the single market benefited millions of Europeans?

2. The European Union The Single Market - freedom of choice © Getty Images Over the past 60 years, major powers in Europe have made strides to convert to one market. The goal of creating a “common market” was proposed in 1957, but not actualized until 1992.

3. The European Union The Single Market - freedom of choice Four freedoms of movement:  goods  services  people  capital © Getty Images Has led to: significant reductions in the price of many products and services, including internet access and airfares. 40% drop in price of phone calls from 2000-2006 2.8 million new jobs from 1992 to 2009

4. The European Union Free movement of goods No customs duties between the member states The EU also prohibits charges having an equivalent effect of customs duties.

5. The European Union Free movement of services The freedom prohibits restrictions on free circulation of services within Member States. Examples: Postal service Internet purchases Banking

6. The European Union Free movement of people The right to travel. The right to work in any member state. The right to settle in any member state.

7. The European Union Free movement of capital Capital within the EU may be transferred in any amount from one country to another.