MARKET PLACE

Pronunciation (US):

(GB):

 Dictionary entry overview: What does market place mean? 

• MARKET PLACE (noun)
  The noun MARKET PLACE has 2 senses:

1. an area in a town where a public mercantile establishment is set up

2. the world of commercial activity where goods and services are bought and sold

  Familiarity information: MARKET PLACE used as a noun is rare.

 Dictionary entry details 

• MARKET PLACE (noun)

Sense 1

Meaning:

An area in a town where a public mercantile establishment is set up

Classified under:

Nouns denoting man-made objects

Synonyms:

market; market place; marketplace; mart

Hypernyms ("market place" is a kind of...):

mercantile establishment; outlet; retail store; sales outlet (a place of business for retailing goods)

Hyponyms (each of the following is a kind of "market place"):

agora; public square (a place of assembly for the people in ancient Greece)

bazaar; bazar (a street of small shops (especially in Orient))

food market; grocery; grocery store; market (a marketplace where groceries are sold)

market square; open-air market; open-air marketplace (a public marketplace where food and merchandise is sold)

slave market (a marketplace where slaves were auctioned off (especially in the southern United States before the American Civil War))

agora (the marketplace in ancient Greece)

Sense 2

Meaning:

The world of commercial activity where goods and services are bought and sold

Classified under:

Nouns denoting acts or actions

Synonyms:

market; market place; marketplace

Context example:

they were driven from the marketplace

Hypernyms ("market place" is a kind of...):

activity (any specific behavior)

Meronyms (parts of "market place"):

business; business enterprise; commercial enterprise (the activity of providing goods and services involving financial and commercial and industrial aspects)

Hyponyms (each of the following is a kind of "market place"):

black market (an illegal market in which goods or currencies are bought and sold in violation of rationing or controls)

buyer's market; buyers' market; soft market (a market in which more people want to sell than want to buy)

gray market; grey market (an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency)

seller's market; sellers' market (a market in which more people want to buy than want to sell)

labor market (the market in which workers compete for jobs and employers compete for workers)

monopoly ((economics) a market in which there are many buyers but only one seller)

monopsony ((economics) a market in which goods or services are offered by several sellers but there is only one buyer)

oligopoly ((economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors)