Internal Market
/ˌɪntərnl ˈmɑːrkɪt/
Definitions
- (n.) A single market within a political or economic union where goods, services, capital, and labor move freely without internal barriers.
The European Union strives to maintain a seamless internal market among its member states.
- (n.) A regulatory framework aimed at harmonizing laws and standards to enable cross-border trade within a jurisdiction.
New regulations were introduced to strengthen the internal market by standardizing product safety requirements.
Forms
- internal market
Related terms
See also
Commentary
The term 'internal market' often appears in supranational contexts such as the EU, emphasizing removal of barriers to trade and regulatory alignment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.