submarket

noun sub·mar·ket \ ˈsəb-ˌmär-kət \
variants: or sub-market
Updated on: 15 Nov 2017

Definition of submarket

plural submarkets or sub-markets
: a portion or subdivision of a market
  • a profitable submarket of the banking industry
  • … is one of several local travel agencies, and several dozen around the country, that belong to a little known sub-market that sells tickets on international flights for … up to 70 percent off the normal cost of a one-way ticket.
  • —Bernie Kohn

First Known Use of submarket

1880


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