closed market


a market where a supplier deals only with one agent or distributor and does not supply any others direct
ExampleThey signed a closed-market agreement with an Egyptian company.

Use closed market in a sentence

You should try and make sure that you know how to make a quick adjustment if you find you are in a closed market.

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It was a closed market and I figured he would only deal with one agent, because he was always paranoid about others.

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The competition was flummoxed when DefecTech made a closed market deal with the top supplier of double-connecting ultra-wide three-hook flanges, effectively cutting off their supply chains.

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closed joint stock company closed out