submarket

noun
sub·​mar·​ket | \ ˈsəb-ˌmär-kət How to pronounce submarket (audio) \
variants: or sub-market
plural submarkets or sub-markets

Definition of submarket

: 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, in the meaning defined above

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The first known use of submarket was in 1880

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Cite this Entry

“Submarket.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/submarket. Accessed 22 Sep. 2020.

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