Common Market
4
3.7
- noun
- Archaic
:
Mercado Común
- Where member countries have delegated their sovereignty by treaty, namely in the Common Market, the arrangements have been effective.
- European Common Market
- original Common Market
- Common Market countries
We were told we were joining a, a free trade area called the Common Market, good for jobs.
- We were told we were joining a, a free trade area called the Common Market, good for jobs.
Examples
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It soon became clear that the Common Market was so much more than a trade deal.
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When Britain joined the Common Market, it lost control of its fishing grounds.
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Then came something called the Common Market.
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Now, listen, about this Common Market.
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We were told we were joining a, a free trade area called the Common Market, good for jobs.
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Europe has spoken with a single voice on most trade matters since the creation of the original Common Market.
Academic text (1999) -
One year later, the Treaty of Rome launched the Common Market.
Academic text (2012) -
The second was entry into the European Common Market, precursor of the EU.
Academic text (2018) -
On the national level, the economic expansion associated with Spain's acceptance into the Common Market in 1986 is also viewed with alarm.
Academic text (2018) -
The Common Market was established to facilitate trade among European countries.
Synonyms
28
5.8
A group of European countries that work together to remove trade barriers and make common rules
19
3.7
Countries in Europe that worked together after World War II to make trade and laws easier
1
5.2
A group of European countries that worked to reduce trade barriers
1
4.3
An organization of European countries set up in 1957 that later became the European Union
How Integrated
Surface Forms
Morphology
The compound directly combines 'common' (shared) and 'market' (system of trade), so a B1 learner who knows both words can infer a market that is shared among parties or countries. However, its conventionalized, historical meaning as the specific political-economic entity (the EEC/the institutional predecessor of the EU) is an extra, institutionalized sense not fully predictable from the constituents alone, so the transparency is only partial.
Etymology
The noun Common Market comes from the simple idea of countries creating a common market, a 'shared market' where goods and services can move freely between them. That's why it refers to the group of European countries that agreed to trade more easily after World War II.