# marketplace

Pronunciation: US say "MAR-kit-plays" /ˈmɑɹkɪtˌpleɪs/; UK say "MAH-kit-plays" /ˈmɑːkɪtˌpleɪs/

## Noun

1. The setting, whether physical or abstract, within which buyers and sellers carry out trade.
   - Simple: The place, real or imagined, where people buy and sell things.
   - _Streaming services compete in a crowded marketplace for viewers' attention._
   - _A free marketplace lets buyers and sellers settle prices through supply and demand._
2. An open area in a town set aside for a public market where goods are bought and sold.
   - Simple: An open space in a town where people gather to buy and sell goods.
   - _Farmers set up their stalls in the marketplace every Saturday._
   - _The medieval marketplace stood at the very center of the old town._
3. The wider world of commerce and trade, considered as a whole.
   - Simple: The whole world of buying, selling, and business.
   - _New technologies are reshaping the marketplace faster than ever before._
   - _The company struggled to stay profitable in a rapidly changing marketplace._
4. Any arena in which ideas, fashions, or other things are traded and spread.
   - Simple: Any space where people share and trade things like ideas or fashions.
   - _The university prides itself on being a vibrant marketplace of ideas._
   - _Fashion blogs act as a marketplace where new styles spread quickly._

## Origin

Formed from the combination of 'market' and 'place'.

Source: DictionaryAI, https://dictionaryai.com/define/marketplace (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).