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
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Both Letta and Draghi also insist that unlocking domestic savings is a crucial step in creating a true common market for the defense industry; most defense financing and procurement currently happens at the member-state level. Erik Jones, Foreign Affairs, 13 Jan. 2025 The find that when a commuting zone (like a metropolitan area and used to delineate a common market) grows by 10%, housing costs grow by 2%. Adam A. Millsap, Forbes, 6 Jan. 2025 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 See all Example Sentences for common market 

Word History

First Known Use

1843, in the meaning defined above

Time Traveler
The first known use of common market was in 1843

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 30 Jan. 2025.

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