noun
market integration; market consolidation
Economic term referring to the process of combining separate markets into a single, unified market, often through removal of trade barriers or harmonization of regulations.
EUの市場統合は、加盟国間の貿易障壁を取り除くことを目指している。
EU market integration aims to remove trade barriers among member states.
市場統合が進むと、企業間の競争が激化する可能性がある。
As market integration progresses, competition among companies may intensify.
経済統合 is broader, encompassing not only markets but also economic policies and institutions. 市場統合 focuses specifically on the unification of markets.
Compound of 市場 (market) and 統合 (integration, unification).