domestic business

Definition

Commercial activities conducted within a nation or a commercial entity that conducts economic transactions inside the borders of its home nation. A domestic business typically has the advantage of only having to deal with its local currency, customs, culture, regulations and tax system.

Use domestic business in a sentence

  • You may want to focus on your domestic business first because that is where your strongest customer base likely lies.

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  • Domestic businesses often get tax breaks from their host governments, because the companies are keeping jobs and money within the border.

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  • When one owns a domestic business it can have a lot of pros and cons , being domestic is great customer service because you always have a local clientele in your neighborhood .

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