What is another word for home-market effect?
Pronunciation: [hˈə͡ʊmmˈɑːkɪt ɪfˈɛkt] (IPA) 
The "home-market effect" is a term used in international trade to describe the phenomenon where firms tend to specialize in industries that are more prevalent in their home country. It is also known as the "market-size effect" or "localization effect". Other synonyms for this concept include "domestic bias" and "home-country advantage". The home-market effect can be beneficial for companies that are able to leverage their competitive advantages in their home market, but it can also present challenges when trying to expand into international markets. Understanding the home-market effect is key for businesses looking to optimize their global trade strategies and maximize their profitability in the long term.
