common market practice

USAGE SUMMARY

The phrase "common market practice" is correct and usable in written English.
It can be used to refer to standard procedures or norms that are widely accepted in a particular market or industry. Example: "In the financial sector, it is common market practice to conduct thorough due diligence before any major investment."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

This result runs contrary to common marketing practice.

The New York Times

While this is a common marketing practice with many Internet service providers, Marriott does not condone this practice.

The New York Times

Designing games around a brand – advergames – has become a common marketing practice.

Computers in Human Behavior

The results are comparable to packaging studies in other countries using similar study protocols, which highlights common marketing practices used across global markets.

BMC Public Health

He added: "We do not see anything which could not be viewed as fair, transparent or common from market practice point of view..

The Guardian

In EU member countries, ingredients and nutritional labeling in wine and beverages are exempted according to a new regulation (EU regulation 1169/2011) and allow for authorized food additives, including an explicit reference to the specific EU Common Market Organization (CMO) rules on Oenological Practices for wines (Comité Européen des Entreprises Vins (CEEV) 2016a).

Agricultural and Food Economics

And practicing a trade policy discredited 250 years ago by Adam Smith abandons the basic principles of a common market.

Huffington Post

Common Market sense.

Independent

The Common Market countries protested.

The New Yorker

The common market!

The Guardian - Opinion

Europeans prospered in an increasingly common market.

The New York Times

Expert writing Tips

Best practice

When discussing business or economics, use "common market practice" to refer to established and widely accepted procedures within a specific market.

Common error

While "common market practice" is appropriate in specific contexts, avoid using it as a generic term for any type of market activity. Ensure it genuinely refers to a widespread and recognized standard.

Linguistic Context

The phrase "common market practice" functions as a noun phrase. It refers to a customary or standard way of conducting business activities within a particular market.

Expression frequency: Rare

Frequent in

News & Media

0%

Science

0%

Formal & Business

0%

Less common in

Science

0%

News & Media

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Formal & Business

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Ludwig's WRAP-UP

The phrase "common market practice" denotes standard procedures widely accepted within a market or industry. While grammatically correct, it's relatively rare, primarily appearing in news, scientific, and business contexts. As Ludwig AI shows, related terms include "standard market procedure" and "prevailing market norm", which offer similar but slightly different connotations. When using this phrase, ensure it accurately reflects established norms, avoiding overuse or generic application. The term is typically employed in professional registers, emphasizing the established nature of market activities.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

standard market procedure

Replaces "practice" with "procedure" to emphasize the standardized nature of the action.

typical market conduct

Substitutes "practice" with "conduct", highlighting the behavior within the market.

prevailing market norm

Replaces "common practice" with "prevailing norm" to underscore the accepted standard.

established market custom

Uses "custom" instead of "practice", suggesting a long-standing tradition.

routine market activity

Focuses on the routine or regular nature of the activity.

general market behavior

Highlights behavior broadly observed in the market.

accepted market convention

Emphasizes that the practice is widely accepted and followed.

usual market procedure

Similar to "standard market procedure" but with a slightly less formal tone.

industry standard

Broader term referring to the standard within a specific industry.

market norm

A simplified version focusing on the norm within the market.

FAQs

What does "common market practice" mean?

The phrase "common market practice" refers to the standard procedures or norms that are widely accepted and routinely followed in a particular market or industry.

How can I use "common market practice" in a sentence?

You might say, "In the financial sector, it's a "standard market procedure" to conduct thorough due diligence before major investments."

What are some alternatives to "common market practice"?

You can use alternatives like "industry standard", "market norm", or "accepted market convention" depending on the context.

Is "common market practice" the same as "best practice"?

No, while both terms refer to established ways of doing things, "common market practice" simply means it's routinely done, while "best practice" indicates the most effective or optimal method.