Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of internal market?
Add Cambridge dictionaries to your browser to your website

Word of the Day

be in/out of luck

to be able/unable to have or do what you want

Word of the Day

A certain je ne sais quoi: French words and phrases used in English

by Liz Walter,
January 21, 2015
It is an odd irony that the more sophisticated your use of English is, the more likely you are to use French words and phrases. Or, to be more accurate, ones you know to be French – words such as ballet, au pair, abattoir, fiancé, café, and restaurant are so entrenched in

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More