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marketplace

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noun mar·ket·place \ˈmär-kət-ˌplās\

Simple Definition of marketplace

  • : 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. 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. 2 :  the world of trade or economic activity :  the everyday world

  3. 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.



14th Century

First Known Use of marketplace

14th century


MARKETPLACE Defined for Kids

marketplace

play
noun mar·ket·place \ˈmär-kət-ˌplās\

Definition of marketplace

  1. :  a location where public sales are held





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