Meaning of “internal market” in the English Dictionary

"internal market" in Business English

See all translations

internal marketnoun

uk us

[ S ] POLITICS, ECONOMICS the system of free trade that exists between countries belonging to the European Union:

[ 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.

(Definition of “internal market” from the Cambridge Business English Dictionary © Cambridge University Press)