Marketplace: meaning, definitions and examples

🛒

Add to dictionary

marketplace

[ ˈmɑːrkɪtpleɪs ]

^{Context #1}

business

A marketplace is a location where goods and services are exchanged or sold. It can be a physical place, such as a shopping center or a street market, or a virtual platform where transactions occur online.

Synonyms

bazaar, market, trading center

Examples of usage

I love visiting the marketplace on weekends to buy fresh produce.
The marketplace for handmade crafts has grown significantly with the rise of online shopping.
The marketplace is bustling with activity during the holiday season.

^{Context #2}

economics

In economics, a marketplace refers to the overall demand and supply conditions that influence the price and quantity of goods and services in a particular industry or sector.

Synonyms

commercial arena, market, trading environment

Examples of usage

The marketplace for luxury cars is driven by consumer preferences and income levels.
Marketplace competition can lead to innovation and lower prices for consumers.

Translations

Translations of the word "marketplace" in other languages:

🇵🇹 mercado

🇮🇳 बाज़ार

🇩🇪 Marktplatz

🇮🇩 pasar

🇺🇦 ринок

🇵🇱 rynek

🇯🇵 市場 (いちば)

🇫🇷 marché

🇪🇸 mercado

🇹🇷 pazar

🇰🇷 시장 (시장)

🇸🇦 سوق

🇨🇿 tržiště

🇸🇰 trhovisko

🇨🇳 市场 (shìchǎng)

🇸🇮 tržnica

🇮🇸 markaður

🇰🇿 нарық

🇬🇪 ბაზარი

🇦🇿 bazar

🇲🇽 mercado

Word origin

The term 'marketplace' has its origins in the Old English word 'mearcstap', which referred to a meeting place or a place where goods were sold. Over time, the concept of marketplace evolved to encompass physical and virtual spaces where trade and commerce take place. The importance of marketplaces in facilitating economic exchange and connecting buyers and sellers has been a fundamental aspect of human societies throughout history.