The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

COMMON MARKET Definition & Legal Meaning

Definition & Citations:

When countries in an area get duty free trade and movement of labor for its members. European trade is the best example of this. An external tariff is placed on imports for nonmembers.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.