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English definition of “domestic market”

domestic market

noun [C]
 
 
COMMERCE, ECONOMICS
the number of customers who buy or may buy products and services offered by companies within their own country: The firm has decided to sell its European operations and concentrate on its domestic market. We are poised for huge sales expansion in the domestic market over the next few years. Firms are being encouraged to produce for the domestic market. Loss of domestic market share was due to increased competition.
(Definition of domestic market from the Cambridge Business English Dictionary © Cambridge University Press)
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