Horti-Business Management (2+0)

Market integration-Definition

• Market integration occurs when prices among different location or related goods follow similar patterns in a long period. Group of prices often move proportionally to each other and when this relation is very clear among different markets it is said that the markets are integrated.
  
• Market integration is defined as a process which refers to the expansion of firms by consolidating additional marketing functions and activities under a single management.
  
• Removal of barriers between two markets for the same product, so that prices on the two markets become more closely linked. Trade liberalization contributes to international market integration.