internal market Meaning in the Cambridge English Dictionary

Meaning of “internal market” in the English Dictionary

"internal market" in Business English

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internal marketnoun

uk   us  
[S] POLITICS, ECONOMICS the ​system of ​freetrade that exists between countries belonging to the ​European Union: the EU/​Europeaninternalmarket
[C] HR, WORKPLACE a ​system in which different ​departments within a ​company or an ​organizationprovidegoods and ​services to each other: The ​introduction of an ​internalmarket within the ​healthserviceaimed to ​keephealthcarecostslow by ​forcing hospitals to ​compete for patients.
[C] COMMERCE, ECONOMICS a ​situation in which different ​companies within a particular country ​providegoods and ​services to each other: Brazil has had a huge ​internalmarket for ​products and ​services, with ​companies there still enjoying good ​opportunities to ​achievegrowth through ​domesticsales.
(Definition of internal market from the Cambridge Business English Dictionary © Cambridge University Press)
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