A domestic market is a financial market. Its trades are aimed toward a single market. A domestic market is also referred to as domestic trading. In domestic trading, a firm faces only one set of competitive, economic, and market issues and essentially must deal with only one set of customers, although the company may have several segments in a market.
There are certain limitations when competing in a domestic market, many of which encourage firms to expand abroad. The main reasons why a business would decide to expand abroad is down to a limited market size and limited growth within the domestic market.
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Famous quotes containing the words domestic and/or market:
“Mighty few young black women are doin’ domestic work. And I’m glad. That’s why I want my kids to go to school. This one lady told me, “All you people are gettin’ like that.” I said, “I’m glad.” There’s no more gettin’ on their knees.”
—Maggie Holmes, African American domestic worker. As quoted in Working, book 3, by Studs Terkel (1973)
“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
—Ralph Waldo Emerson (1803–1882)