Submarket Definition
sŭbmärkĭt
noun
A geographic, economic, or specialized subdivision of a market.
American Heritage
A distinct part of a larger market.
The submarket for luxury homes has been growing.
Wiktionary
adjective
Being below what is usual in a particular market.
Submarket wages; submarket interest rates.
American Heritage
Other Word Forms of Submarket
Noun
Singular:
submarket
Plural:
submarketsOrigin of Submarket
-
sub- +"Ž market
From Wiktionary
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