common market


: an economic association (as of nations) formed to remove trade barriers among its members

Example Sentences

Recent Examples on the Web If a wealthy member state can throw billions of euros at an industry while a poorer one has to scrape by and look on jealously, the concept of the EU’s common market is under threat. Raf Casertand And Samuel Petrequin, The Christian Science Monitor, 18 Oct. 2022 My long-term vision is to establish a common market of democracies because the world’s democracies represent about 60 percent of the global economy. Yasmeen Serhan, The Atlantic, 18 July 2022 Consider Index Funds Instead of trying to beat the market, index funds such as the S&P 500 simply track a common market index. Jaime Catmull, Forbes, 29 June 2022 Goods and people could travel freely within the EU’s common market, obviating the need for a border anyway. Joseph C. Sternberg, WSJ, 19 May 2022 Once planted, this idea grew into what is the European Union today, in which German economic might is managed through a common market, with common rules and a common currency set by a common institution. Tom Mctague, The Atlantic, 4 Apr. 2022 The European Union began as a common market that slowly expanded in size. Damon Linker, The Week, 4 Mar. 2022 Global economies have taken significant steps toward forging alliances that spread common market values and industrial leadership, but there is more work to be done in terms of international collaboration. Sanjay Brahmawar, Fortune, 28 Dec. 2021 Europe, the world’s largest common market, has been flexing its regulatory muscle over US tech giants in recent years. Scott Nover, Quartz, 2 Dec. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'common market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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.” Dictionary, Merriam-Webster, Accessed 1 Dec. 2022.

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