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 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 Jacques Delors, a French elder statesman who spent a decade as president of the European Commission — the European Union’s executive branch — and became a driving force behind the continent’s economic integration and a leading proponent of a common market and currency, has died at 98. Benjamin Soloway, Washington Post, 27 Dec. 2023 Analysts say that such electoral calculations coupled with the grain issue – which portends a longer-term conflict if and when Ukraine joins the European common market – set the stage for the dispute with Kyiv. Dominique Soguel, The Christian Science Monitor, 13 Oct. 2023 At first, the Geneva neoliberals were divided over the Treaty of Rome, which established Europe’s common market in 1957. Stephen Wertheim, Foreign Affairs, 16 Apr. 2019 Belatedly, Macmillan pushed to join that group, a common market and customs union, to give a boost to an economy that was lagging behind the rest of western Europe. Lawrence D. Freedman, Foreign Affairs, 13 Apr. 2020 Mercosur is widely seen as falling far short of its aims to catalyze a common market in South America. Peter S. Goodman, New York Times, 14 July 2023 The fallout has been considerable: Britain’s departure from the European Union’s common market has resulted in trade barriers and labor shortages, and locked the country out of key European science programs. Frank Jordans, Fortune, 30 Mar. 2023 Poorer European states say that Berlin has put their economies at a disadvantage by distorting the continent’s common market with a relief package, worth €200 billion, to help Germany weather soaring energy and inflation prices. Erika Solomon, New York Times, 31 Dec. 2022

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'common market.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 14 Jun. 2024.

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