emerging market

/IH0 M ER1 JH IH0 NG M AA0 R K AH0 T/
noun
  1. 1

    (economics, finance, also attributive) A relatively less-developed country or other trading region undergoing significant growth in production, consumption, or foreign investment.

  2. 2

    (economics, often followed by for) New and increasing demand or consumer purchasing activity (for a product or service).

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