Marketplace
Definition
An area or venue where goods and services are bought and sold, either physically or online.
Parts of Speech
Pronunciation
American English
- IPA Pronunciation: /ˈmɑrkɪtˌpleɪs/
- Respelling: MAR-kit-plays (with "MAR" as in "car," "kit" as in "kit," and "plays" as in "place")
British English
- IPA Pronunciation: /ˈmɑːkɪtˌpleɪs/
- Respelling: MAH-kit-plays (with "MAH" as in "car," "kit" as in "kit," and "plays" as in "place")
In both dialects, "marketplace" places the primary stress on the first syllable. The pronunciation is similar across both American and British English, focusing on the clear articulation of "MAR-kit-plays" in American English and "MAH-kit-plays" in British English.
Etymology
The word "marketplace" is formed from two words: "market", from the Old North French "market", itself derived from the Latin "mercatus" (trade, market), and "place", from Old French "place" meaning "spot or location", which is derived from Latin "platea" (open space, broad street).
Derivatives
- E-marketplace
- Marketplace lending
- Marketplace platform
- Agora (historical reference to open marketplace in ancient Greece)
- Bazaar (similar concept in Middle Eastern cultures)
Synonyms
Antonyms
None
Usage
- Many artisans display their crafts in the local marketplace.
- The online marketplace has been booming in recent years due to the rise of e-commerce.
Related Terms
- Vendor
- Stall
- Trade
- Commerce
- Retailer
Detailed Definition
Noun
- A physical location where commerce takes place, and goods are exchanged for money.
- Example: The town's marketplace was bustling with activity every Sunday.
- A metaphorical or virtual space, especially on the internet, where products, services, or ideas are offered for sale or exchange.
- Example: Several apps are available on the digital marketplace for download.
- A setting where supply and demand operate, especially in the context of competitive business.
- Example: The new tech company is struggling to find its footing in the current marketplace.