common market

Definitions

Economics

  • noun
    (written as Common Market)
    a pact between various countries to reduce trade barriers, allowing free movement of goods and people across frontiers; there are no exchange controls and business can move and set up in any country without restrictions

Marketing

  • noun
    (written as Common Market)
    an association of nations who join together in order to remove or reduce the barriers to trade between them

Politics

  • noun an economic association of countries with the aim of removing or reducing trade barriers
  • noun
    (written as Common Market)
    formerly, the European economic community, now the European Union
http://www.dictionarycentral.com/definition/common-market.html