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English definition of “internal market”

internal market

noun    
[S] POLITICS, ECONOMICS the system of free trade that exists between countries belonging to the European Union: the EU/European internal market → Compare single market
[C] HR, WORKPLACE a system in which different departments within a company or an organization provide goods and services to each other: The introduction of an internal market within the health service aimed to keep healthcare costs low by forcing hospitals to compete for patients.
[C] COMMERCE, ECONOMICS a situation in which different companies within a particular country provide goods and services to each other: Brazil has had a huge internal market for products and services, with companies there still enjoying good opportunities to achieve growth through domestic sales. → Compare domestic market
(Definition of internal market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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