Continental Economy
The term "Continental Economy" refers to the economic systems and practices that are prevalent in the European continent. It encompasses various aspects such as trade, industry, and agriculture, influenced by the diverse cultures and policies of different countries. This economy is characterized by a mix of free market principles and social welfare systems, aiming to balance economic growth with social equity.
In the context of the European Union, the Continental Economy benefits from a single market that allows for the free movement of goods, services, capital, and labor. This integration fosters cooperation among member states, enhancing economic stability and growth while addressing challenges like unemployment and environmental sustainability.