market place

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market place

A family buys fresh fruit at the market place.

Definition
  1. Noun:
    • The world of commercial activity where goods and services are bought and sold: "market place" refers to the entire sphere of trade and commerce.
    • A physical area in a town where a public mercantile establishment is set up: "market place" can also mean a specific location, often open-air, where vendors gather to sell goods.
Usage Examples
  • Noun (Commercial sphere):
    • New technologies are constantly changing the global market place.
    • Without fair competition, the market place cannot function efficiently.
  • Noun (Physical location):
    • The town's historic market place is filled with stalls every Saturday.
    • We bought fresh vegetables from the farmers in the market place.
Advanced Usage
  • "to be driven from the marketplace": to be forced out of commercial competition.
    • Smaller businesses risk being driven from the marketplace by large corporations.
  • "the marketplace of ideas": a metaphorical arena for the open exchange and competition of different opinions and concepts.
    • A free society depends on a vibrant marketplace of ideas.
Variants and Related Words
  • Marketplace (noun): The modern, commonly used closed compound form of "market place".
    • The digital marketplace has revolutionized how we shop.
  • Market (noun): A more general term for a place or sphere of commercial activity.
    • She works in the financial market.
Synonyms
  • Bazaar: A market, especially in the Middle East, consisting of rows of shops or stalls.
  • Agora: (Historical) A public open space in ancient Greek cities used for assemblies and markets.
  • Commercial world: The sphere of business and trade.
Related Phrases
  • Market forces: The economic factors affecting the price, demand, and availability of a commodity in the marketplace.
    • The price is determined by market forces.
  • Market value: The amount for which something can be sold in a given marketplace.
    • The market value of the property has increased.
Related Idioms
  • To test the marketplace: To gauge public or commercial interest in a new product or idea.
    • Before launching nationally, the company will test the marketplace in a few select cities.
market place

A family buys fresh fruit at the market place.

Noun
  1. the world of commercial activity where goods and services are bought and sold
    • without competition there would be no market
    • they were driven from the marketplace
  2. an area in a town where a public mercantile establishment is set up