Domesticated market

Domesticated market,

Definition of Domesticated market:

  1. Captive or internal market in which the participants cooperate instead of competing by entering into long term joint venture type contracts, and in which all or most of transactions are planned and based on negotiated rules of exchange. The objectives of domestication include reduced transaction costs, less uncertainty, and exploitation of the economies of scale.

Meaning of Domesticated market & Domesticated market Definition