common market - Meaning in Bengali

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common market - Meaning in Bengali

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Definitions and Meaning of common market in English

Common Market noun

1. an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members

   Synonyms

   Common Market, Common Market, EC, EC, EEC, EEC, EU, EU, EU, Europe, Europe, European Community, European Economic Community, European Union

   য়ুরোপীয় য়ুনিয়ন, য়ুরোপীয় সঙ্ঘ

   Example

   • "he tried to take Britain into the Europen Union"

Description

A single market, sometimes called common market or internal market, is a type of trade bloc in which most trade barriers have been removed with some common policies on product regulation, and freedom of movement of the factors of production and of enterprise and services. The goal is that the movement of capital, labour, goods, and services between the members is as easy as within them. The physical (borders), technical (standards) and fiscal (taxes) barriers among the member states are removed to the maximum extent possible. These barriers obstruct the freedom of movement of the four factors of production.

Also see "Single market" on Wikipedia

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