Common market


 

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Common market

A group of countries that eliminate all barriers to movement of both goods and factors among themselves, and that also, on each product, agree to levy the same tariff on imports from outside the group. Equivalent to a customs union plus free mobility of factors.

Common market

An agreement between two or more countries that permits the free movement of capital and labor as well as goods and services.



Common market

Similar Matches

Common base year analysis

Common base year analysis

The representing of accounting information over multiple years as percentages of amounts in an initial year.


Common tangent

Common tangent

A straight line that is tangent to two or more curves. Used in the Lerner diagram.


Common stock

Common stock

The US equivalent of 'ordinary share'.


Common stock ratios

Common stock ratios

Ratios that are designed to measure the relative claims of stockholders to earnings (cash flow per share), and equity (book value per share) of a firm.


Common shares

Common shares

In general, a public corporation has two types of shares, common and preferred. The common shares usually entitle the shareholders to vote at shareholders meetings. The common shares have a discretionary dividend.


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