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

first:

(a person or thing) coming before all others in order, time, amount, quality, or importance

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More