common market - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “common market”

common market

noun [C]
 
 
ECONOMICS, POLITICS a group of countries that have a formal agreement for trading among themselves and how they trade with countries outside the group: The new agreement would create a common market that would extend from northern Canada to the tip of South America.
the Common Market the former name of the European Community, now known as the European Union
(Definition of common market from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of common market?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “common market”

Word of the Day

cup tie

a game between two teams trying to win a cup (= prize), especially in football

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More