SEM meaning in Business ?

Answer: What is Single European Market mean?

The European Single Market, Internal Market or Common Market is a single market comprising the 27 member states of the European Union (EU) as well as – with certain exceptions – Iceland, Liechtenstein, and Norway through the Agreement on the European Economic Area, and Switzerland through bilateral treaties. The single market seeks to guarantee the free movement of goods, capital, services, and people, known collectively as the "four freedoms".

A number of potential EU accession candidates have Stabilisation and Association Agreements with the EU, which allow for limited participation in selected sectors of the Single Market, including Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia. In addition, through three individual agreements on a Deep and Comprehensive Free Trade Area (DCFTA) with the EU, the post-Soviet countries of Georgia, Moldova, and Ukraine have also been granted limited access to the Single Market in selected sectors. Turkey has access to the free movement of some goods via its membership in the European Union–Turkey Customs Union. The United Kingdom left the European Single Market on 31 December 2020. An agreement was reached between the UK Government and European Commission to align Northern Ireland on rules for goods with the European Single Market, to maintain an open border on the island of Ireland.

The market is intended to increase competition, labour specialisation, and economies of scale, allowing goods and factors of production to move to the area where they are most valued, thus improving the efficiency of the allocation of resources. It is also intended to drive economic integration whereby the once separate economies of the member states become integrated within a single EU-wide economy. The creation of the internal market as a seamless, single market is an ongoing process, with the integration of the service industry still containing gaps. According to a 2019 estimate, because of the single market the GDP of member countries is on average 9 percent higher than it would be if tariff and non-tariff restrictions were in place.

reference

Full Form	Category
SEMester	Academic & Science
Space Environment Monitor	Academic & Science
Society for Ethnomusicology	Academic & Science
Sun, Earth, Moon	Academic & Science
Software Engineering Manager	Academic & Science
Science, Engineering, and Mathematics	Academic & Science
Single European Market	Business
General Semiconductor, Inc.	Business
Spec Epics Motors	Business
Sound and Efficient Management	Business
Strategic Enterprise Management	Business
Someone Else's Money	Business
Search Engine Marketing	Business
Strategic Enrollment Management	Business Management
Solvent Extractable Material	Chemistry
Society for Experimental Mechanics	Community
Schoolwide Enrichment Model	Community
Systematic Evaluation of Members	Community
Special Education and Middle school	Community
Sexually Explicit Material	Community
Smartstream Encryption Modulator	Computer Hardware
Simply Expensive Machine	Computing
State Event Machines	Computing
Scripture Encoding Model	Computing
System Error Message	Computing
Server Enterprise Manager	Computing
Symantec Event Manager	Computing
Scalar Equation Method	Computing
Station Emulation Mode	Computing
Sql Enterprise Manager	Computing
Security Event Management	Computing
Semux	Cryptocurrency
Synthesizer Expander Module	Electronics
Session Experience Manager	General
Scanning Electron Microscopy	General
Structural Equation Modelling	General
Set of Eye Movement	General
Sonido En Movimiento	General
South East Motor	General
Shift Energy Management	General
Shell Eco Marathon	General
South East Mopars	General
Steptoe Edwards Motors	General
Square Enix Mobile	General
Schoolwide Enrichment Myschoolonline	General
Seller's Engineering Memorandum	Governmental
SERAM	Indian Railway Station
Societe Des Establissements Modernes	International
Societe Des Etablissements Modernes	International
Search Engine Marketer	Jobs
Standard Error of Mean	Maths
Structural Equation Modeling	Maths
Systolic Ejection Murmur	Medical
Semen	Medical
Smooth Eye Movements	Medical
Scanning Emectron Microscopy	Physics Related
Secondary Electron Multiplier	Physics Related
Structural Equation Models	Physics Related
Standard Error of Measurement	Physics Related
Semitic - Other	Regional
Southern Europe and Mediterranean	Regional
South-East Michigan	Regional
Synthesis Enterprise Manager	Softwares
Silly Equipment Manager	Softwares
Sample Exchange Mechanism	Space Science
Scanning Electron Microscope	Space Science
Space Environment Monitoring	Space Science
Spacecraft Equipment Module	Space Science
System Engineering Management	Space Science
Sports and Exercise Medicine	Sports
Stock Exchange of Mauritius	Stock Exchange