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