Common Market and World organization

Common Market noun - An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members.

World organization and Common Market are semantically related. In some cases you can use "World organization" instead a noun phrase "Common Market".

World organization noun - An international alliance involving many different countries.

Common Market and world organization are semantically related. Sometimes you can replace phrase "Common Market" with "World organization", this phrases are similar.