how does the common market exist today?

Answer 1

Common Market existed today through the agreements made by the European Countries to do trading and enhanced their economies firstly, among themselves and secondly to their worldwide and global customers. They implemented a single currency named Euro which is now a dominant financial currency.

Answer 2

To answer this you must understand how the common market existed in the past. In simple terms the common market was the trade between the European countries.

In today's market this has become more complex, and more simplified at the same time. IT is more complex in that trade has expanded to more goods and serivces. One example of maore services is the labor market. Though not usually considered a trade item- Germany imports laborors when needed and deports them when not needed. Each person/hourly rate is one unit. the total labor dollars imported ispart of the common market.

The market has become more simplified since the European market introduced the Euro- a single currency (still has some bugs to work out) enable a company to know what his product is worth inthe open market.

Though not part ofthe common market the European market has expanded overseas to sell military and other goods/ services to forgeign markets including e-bay and other online markets.