What does the Single European Market enable?

The Single European Market enables the free movement of goods, labour, and capital. This concept is central to the functioning of the European Union, as it removes barriers to trade and allows for an integrated economy among member states. By eliminating tariffs and allowing for the free exchange of services, individuals can work, travel, and invest across borders without facing significant restrictions. This not only promotes economic efficiency and competitiveness but also enhances opportunities for consumers and businesses alike.

The other options touch on various aspects of market dynamics and regulations but do not capture the essence of what the Single European Market aims to achieve. The focus on restrictions or approvals does not align with the fundamental goal of promoting freedom and integration across the member states. Thus, the emphasis on the free movement of goods, labour, and capital is what distinguishes the Single European Market as a driving force for economic collaboration within the EU.