Market: meaning, definitions and examples

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market

[ ˈmɑːrkɪt ]

^{Context #1}

in economics

A market is a place where buyers and sellers come together to exchange goods or services. It can also refer to the demand for a particular product or service, or the group of people interested in buying a particular product.

Synonyms

bazaar, exchange, mart

Examples of usage

The stock market is experiencing a downturn.
The housing market is booming right now.

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in marketing

In marketing, a market refers to a specific group of consumers that a company targets with its products or services. It can also refer to the overall demand for a product or service in a particular area.

Synonyms

clientele, consumer group, target audience

Examples of usage

Our company is targeting the teenage market with this new product.
There is a growing market for organic food in this city.

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in finance

To market something means to promote or advertise it in order to increase sales or awareness. It involves creating strategies to reach a specific audience and persuade them to buy a product or service.

Synonyms

advertise, promote, sell

Examples of usage

The company is marketing its new line of products through social media campaigns.
She is responsible for marketing the company's services to potential clients.

Translations

Translations of the word "market" in other languages:

🇵🇹 mercado

🇮🇳 बाज़ार

🇩🇪 Markt

🇮🇩 pasar

🇺🇦 ринок

🇵🇱 rynek

🇯🇵 市場 (いちば)

🇫🇷 marché

🇪🇸 mercado

🇹🇷 pazar

🇰🇷 시장 (sijang)

🇸🇦 سوق (souq)

🇨🇿 trh

🇸🇰 trh

🇨🇳 市场 (shìchǎng)

🇸🇮 trg

🇮🇸 markaður

🇰🇿 нарық

🇬🇪 ბაზარი

🇦🇿 bazar

🇲🇽 mercado

Word origin

The word 'market' has its origins in Latin 'mercatus', which means 'trade, market, merchandise'. The concept of markets has been essential throughout human history, serving as central locations for trade and exchange of goods. Markets have evolved from traditional physical spaces to online platforms, reflecting changes in technology and consumer behavior.