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The paper deals the characteristics and significance of the common market, which was the main objective while forming the European Economic Community (EEC), and institute with no alternative for the functioning of its successorthe European Union (EU). The research approach to this institute of international rank is fundamentally critical. The main reason for that view is disagreement with the claims that in internal market there are all types of business relationships and various transactionsdoi:10.5937/intrev1903051t fatcat:ncj4yqz2xvhzhiynxijkxgiasa