marketplace


mar·ket·place

noun \ˈmär-kət-ˌplās\

: the economic system through which different companies compete with each other to sell their products

: a place in a town where markets are held

Full Definition of MARKETPLACE

1
a :  an open square or place in a town where markets or public sales are held
b :  market <the marketplace is the interpreter of supply and demand>
2
:  the world of trade or economic activity :  the everyday world
3
:  a sphere in which intangible values compete for acceptance <the marketplace of ideas>

Examples of MARKETPLACE

  1. Their products must compete in the marketplace.
  2. The company has struggled to survive in a rapidly changing marketplace.

First Known Use of MARKETPLACE

14th century

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