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:
submarkets

Origin of Submarket

  • sub- +"Ž market

    From Wiktionary

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