Segmented Market(redirected from Segmented Markets)
A market that is isolated from other markets. Markets usually become segmented through government intervention; for example, a government can erect tariff barriers. However, a segmented market can occur because of distance, lack of available information, or other inefficiencies. A segmented market prevents the free flow of labor and capital. Economists dispute the extent if any to which segmented markets are harmful, though most agree that excessive segmentation is not desirable.