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What is another word for common market?

Pronunciation: [kˈɒmən mˈɑːkɪt] (IPA)

A common market refers to a group of countries that have a mutual agreement to allow free trade among them while also maintaining a common external tariff. Synonyms for the term may include economic union, single market, or internal market. Economic union describes a group of countries that have agreed to coordinate their economic policies to optimize their overall economic strength. A single market refers to a situation in which goods, services, capital, and people can move freely among countries comprising a particular region. The term internal market emphasizes the idea of a single market within a particular group of countries, while common market highlights the shared tariff arrangements among the trade partners.
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Synonyms for Common market:

What are the hypernyms for Common market?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    international market, global market, economic union, regional market, unified economy.

What are the hyponyms for Common market?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

What are the meronyms for Common market?

Meronyms are words that refer to a part of something, where the whole is denoted by another word.

Famous quotes with Common market

  • The E.U. is more than just a trade organization or a common market; it is a guarantee of democracy, freedom, justice, and human rights. Nations cannot stay in the E.U. if they do not respect these guarantees.
    John Bruton
  • If there was to be a new Europe, there not only had to be a common market, but also great mobility in labor.
    Paul Hoffman
  • No child, I think, can walk through a common market or slaughter-house without receiving moral injury; nor am I quite sure that any virtuous adult can.
    William Alcott

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