European Single Market - Explaining Brexit.

The video discusses the European single market, a trade agreement among 28 nations that facilitates easy trade by eliminating tariffs, taxes, and quotas. It explains the potential impacts on the UK if it leaves the single market, including increased costs for UK goods due to tariffs and quotas. The video also covers the freedom of movement and standardized regulations within the single market, which simplify trade. Non-EU countries like Norway, Iceland, and Liechtenstein participate in the single market, but staying in it poses challenges for the UK, such as fees, adherence to EU laws, and immigration issues.

Explain the significance of freedom of movement within the single market.

What challenges might the UK face if it wants to limit immigration while remaining in the single market?