common market

Definition

A group of nations that cooperate to remove trade barriers between participating countries.

Use common market in a sentence

We were glad that there was a common market, because that meant that all the barriers were removed and people could trad freely.

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When subjected to American sanctions, the country of Uzbekistan sought to appeal entry into common market to reopen itself to outside trade.

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The common market was created because the nations realized that cooperation and community mindedness was optimal for increasing their standard of living.

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economic union DJIA