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 market integration aims to remove trade barriers among member states.
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).