common market
noun Date: 1893 an economic association (as of nations) formed to remove trade barriers among its members

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Common Market — a market where obstacles to free movement of the important sectors of the economy have been removed. Although a general term in economics, it is of special significance to lawyers as one of the foundations of the European Union. In the European… …   Law dictionary

  • common market — common markets 1) N COUNT A common market is an organization of countries who have agreed to trade freely with each other and make common decisions about industry and agriculture. ...the Central American Common Market. 2) N PROPER: the N The… …   English dictionary

  • common market — ► NOUN 1) a group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries. 2) (the Common Market) the European Economic Community or European Union …   English terms dictionary

  • Common Market — Common Mar|ket the Common Market old fashioned a former name for the ↑European Union …   Dictionary of contemporary English

  • common market — n. 1. an association of countries formed to effect a closer economic union, esp. by means of mutual tariff concessions 2. [C M ] the European Economic Community …   English World dictionary

  • Common market — An agreement between two or more countries that permits the free movement of capital and labor as well as goods and services. The New York Times Financial Glossary * * * Common Market ˌCommon ˈMarket noun a former name for what became known as… …   Financial and business terms

  • common market — An agreement between two or more countries that permits the free movement of capital and labor as well as goods and services. Bloomberg Financial Dictionary * * * Common Market ˌCommon ˈMarket noun a former name for what became known as the… …   Financial and business terms

  • common market — UK / US noun [countable] Word forms common market : singular common market plural common markets business an economic organization, usually consisting of several countries, whose aim is to encourage free trade between its members …   English dictionary

  • common market — noun a group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries. ↘(the Common Market) a name for the European Economic Community or European Union, used especially in the 1960s and… …   English new terms dictionary

  • Common Market — noun the Common Market old fashioned the European Union …   Longman dictionary of contemporary English

  • common market — An international *market created by the reduction or elimination of *customs duties and other trade formalities between nations. Examples of common markets include the Andean Pact, originally founded in 1969, and the European Union, an earlier… …   Auditor's dictionary

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