Economic Union : A common market arrangement, which additionally seeks to have a harmonization of the fiscal and monetary policies of the member states. The best example of this would be the European Union (EU)
Ulric Sealy (Compiler), Glossary of Industrial Relations and Related Terms and Concepts for Trade Unionists, International Labour Office, ISBN 92-2-113503-9, International Labour Organization ILO, First Ed. 2002, http://www.ilo.org/wcmsp5/groups/public/---america s/---ro-lima/---sro-port_of_spain/documents/public ation/wcms_224181.pdf, (Lbr Law and Ind Rltn - Brit) {782}