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common market
noun
: an economic association (as of nations) formed to remove trade barriers among its members
Examples of common market in a Sentence
Recent Examples on the Web
That chaos would make the ideal of an African common market that could replicate the success of the European Economic Community even more remote.
—Branko Milanovic, Foreign Affairs, 14 June 2023
The country hasn’t been able to benefit from migration flows to offset a tight labor market, unlike in the European Union’s common market.
—Ryan Hogg, Fortune Europe, 4 May 2024
Jacques Delors, a French elder statesman who spent a decade as president of the European Commission — the European Union’s executive branch — and became a driving force behind the continent’s economic integration and a leading proponent of a common market and currency, has died at 98.
—Benjamin Soloway, Washington Post, 27 Dec. 2023
Analysts say that such electoral calculations coupled with the grain issue – which portends a longer-term conflict if and when Ukraine joins the European common market – set the stage for the dispute with Kyiv.
—Dominique Soguel, The Christian Science Monitor, 13 Oct. 2023
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Word History
First Known Use
1843, in the meaning defined above
Dictionary Entries Near common market
Cite this Entry
“Common market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/common%20market. Accessed 25 Nov. 2024.
More from Merriam-Webster on common market
Britannica.com: Encyclopedia article about common market
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