domestic market Meaning in the Cambridge English Dictionary
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Meaning of “domestic market” in the English Dictionary

"domestic market" in Business English

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domestic marketnoun [C]

uk   us   COMMERCE, ECONOMICS
the ​number of ​customers who ​buy or may ​buyproducts and ​servicesoffered by ​companies within their own country: The ​firm has decided to ​sell its ​Europeanoperations and ​concentrate on its ​domesticmarket. We are ​poised for huge ​salesexpansion in the ​domesticmarket over the next few ​years. Firms are being encouraged to ​produce for the ​domesticmarket. Loss of domesticmarketshare was ​due to ​increasedcompetition.
(Definition of domestic market from the Cambridge Business English Dictionary © Cambridge University Press)
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