Definition of common market in English:

common market

Syllabification: com·mon mar·ket

noun

1A group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries.
More example sentences
  • It required that companies in the common markets for steel and coal publish price lists.
  • What progress had been made towards the creation of a common market before the single market initiative?
  • ‘In a globalising world of common markets and trade agreements, alcohol policy is thus no longer only a national or sub-national matter,’ he said.
1.1 (the Common Market) A name for the European Economic Community or European Union, used especially in the 1960s and 1970s.

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Word of the day flippant
Pronunciation: ˈflɪp(ə)nt
adjective
not showing a serious or respectful attitude