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The six member countries that have embraced a common market are disappointed with the outcome of their economic integration. They want something that entails a closer economic integration and cooperation than a common market and decide to pursue a common currency. They are forming a(n)

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Answer:

The correct answer is "Economic union ".

Explanation:

  • An economic union becomes a category of the block of commerce that consists of a shared marketplace including another customs union.
  • The participating countries get both good legislation on drug control, the free flow of goods, services as well as growth factors as well as a similar foreign exchange strategy.

So that they forming an Economic union.

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