# data[].attributes.body
Increased economic efficiency. Lower prices for the consumer and lower costs of production. No wars between members.

# data[].attributes.body
a group of countries that agreed to eliminate trade barriers between them, achieving free trade

# data[].attributes.body
If the union does not react similarly to supply shocks then some regions may fall behind. A country loses control over their monetary policy

# data[].attributes.body
1. preferential trade agreement(bilateral/multilateral)
2. free trade area
3. customs union
4. common market

# data[].attributes.headline
HL/What are advantages and disadvantages of Monetary Union 

# data[].attributes.subject
HL/What are advantages and disadvantages of Monetary Union 

# data[].attributes.body
stability, no transaction costs for currency conversion,  same currency.

disadvantages: loss of control for monetary policy in individual countries.

# data[].attributes.headline
What are the features of a Monetary Union?

# data[].attributes.subject
What are the features of a Monetary Union?

# data[].attributes.headline
What are the features of a Customs Union?

# data[].attributes.subject
What are the features of a Customs Union?

# data[].attributes.body
common trade policy, common trade barriers towards non

# data[].attributes.headline
What are the features of a free trade area?

# data[].attributes.subject
What are the features of a free trade area?

# data[].attributes.headline
A free trade area changes into a customs union, why?

# data[].attributes.subject
A free trade area changes into a customs union, why?

# data[].attributes.headline
What are the disadvantages of further economic integration?

# data[].attributes.subject
What are the disadvantages of further economic integration?

# data[].attributes.headline
What are the advantages of economic integration?

# data[].attributes.subject
What are the advantages of economic integration?

# data[].attributes.body
1-Improves political relationships
2-Movement of capital/Labour (larger job opportunitys)/ eg (Free Trade)
3-

# data[].attributes.headline
What is the order of economic integration from least integrated to full integration?

# data[].attributes.subject
What is the order of economic integration from least integrated to full integration?