a common market

USAGE SUMMARY

The phrase "a common market" is correct and usable in written English.
It is typically used to refer to a group of countries that have agreed to allow free trade and movement of goods, services, and labor among themselves. Example: "The European Union functions as a common market, facilitating trade and economic cooperation among its member states."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

A common market, currency and constitution, perhaps.

The New York Times

"Now with a common market, a major part of that has gone away".

The New York Times

Europe is a common market that trades in ideas as well as materials.

The Guardian

"If Napoleon had been left alone, he could have created a common market 150 years ago.

The New York Times

Since the union is a common market, lawmakers in Brussels demand a unified solution.

The New York Times

It's not like there is a common market for financial services.

The Guardian

Step by inexorable step, this method led to a common market for all goods.

The New York Times

"We need to develop Europe's market as a common market," she said.

The New York Times

Cross-border trade in services is puny, despite Europe's claim to be a common market.

The Economist

A common market, let alone a monetary union, looks like a distant dream.

The Economist

The expansion's architects hope to create a common market reaching from the Atlantic to the border of Russia.

The New York Times

Expert writing Tips

Best practice

When discussing international economics, use "a common market" to accurately describe agreements between countries that facilitate free trade and movement of labor and capital.

Common error

Be careful not to use "a common market" when referring to looser free trade agreements. "A common market" implies a higher degree of integration, including free movement of labor and capital, which is not always the case in simple trade agreements.

Linguistic Context

The phrase "a common market" functions as a noun phrase, typically serving as the subject or object of a sentence. As confirmed by Ludwig AI, it refers to an agreement between countries to allow free trade.

Expression frequency: Very common

Frequent in

News & Media

65%

Encyclopedias

17%

Science

18%

Less common in

Formal & Business

0%

Wiki

0%

Academia

0%

Ludwig's WRAP-UP

In summary, "a common market" is a noun phrase that describes an agreement between countries to promote free trade and the free movement of goods, services, capital, and labor. Ludwig AI confirms that this phrase is grammatically correct and widely used, predominantly in News & Media, Encyclopedias, and Science contexts. When using the phrase, it's important to distinguish it from simpler free trade agreements and to understand the degree of economic integration it implies. Alternative phrases include "unified market", "integrated market", and "single market", offering similar meanings with slight variations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

a unified market

Focuses on the integration and uniformity of the market.

an integrated market

Highlights the interconnectedness of different parts of the market.

a single market

Emphasizes the singularity and cohesiveness of the market.

a free trade area

Focuses on the removal of trade barriers within the area.

an economic union

Implies a deeper level of integration, including harmonized economic policies.

a customs union

Highlights the common external tariff policies.

a trading bloc

Refers to a group of countries forming a trade agreement.

a regional market

Indicates a market limited to a specific geographic region.

a barrier-free market

Stresses the absence of obstacles to trade and commerce.

an open market

Highlights the accessibility and lack of restrictions in the market.

FAQs

How does "a common market" differ from a free trade area?

While both involve reducing trade barriers, "a common market" goes further than a free trade area. "A common market" includes the free movement of goods, services, capital and labor, whereas a free trade area primarily focuses on reducing tariffs and quotas on goods.

What are some examples of "a common market"?

The European Union is the most prominent example of "a common market", aiming for the free movement of goods, services, capital, and people among its member states. Other examples include the East African Community.

What are the benefits of establishing "a common market"?

Establishing "a common market" can lead to increased trade, economic growth, and job creation due to the removal of barriers and the efficient allocation of resources. It also fosters greater cooperation and integration among participating countries.

What is another way to say "a common market"?

You can use terms like "unified market", "integrated market", or "single market" as alternatives, depending on the specific context and nuances you wish to convey.