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single market

Line breaks: sin¦gle mar¦ket

Definition of single market in English:

noun

An association of countries trading with each other without restrictions or tariffs. The European single market came into effect on 1 January 1993.
Example sentences
  • In theory, this is one of those times when the European single market proves its worth.
  • The single market, or internal market as it is also known, builds upon the customs union that was established in the 1960s.
  • Important, though much less visible, have been the social policy effects of the single market's development itself.

Definition of single market in:

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