domestic trade
/dəˈmɛstɪk treɪd/ · do·mes·tic trade
noun
- The exchange of goods and services that occurs within the borders of a single country, as opposed to foreign or international trade. The government introduced tax incentives to boost domestic trade and reduce reliance on imports.
- Commercial activity conducted between producers, distributors, and consumers in the home market. During the recession, many firms shifted their focus to domestic trade to maintain cash flow.
Synonyms
internal tradehome tradeintra‑national tradelocal commercedomestic commerceinternal commercenational tradehome market trade
Antonyms
Did you know? The term 'domestic trade' gained prominence during the 19th‑century industrial revolution, when nations began measuring the ratio of internal to external commerce to assess economic self‑sufficiency.