Word
marketplace
Meanings
A physical place where goods are bought and sold, especially with many different sellers.
A website or platform where many different sellers offer products or services to customers.
The commercial environment in which companies compete to sell products or services.
Definition
A marketplace is a place or system where people buy and sell goods or services.
A marketplace can be a physical place, like a street market, where many sellers offer products to buyers. It can also mean an online platform that connects multiple sellers with customers in one place. More broadly, it can refer to the overall commercial environment where businesses compete and consumers make choices.
Examples
- On Saturday mornings, I prefer the marketplace by the river because its produce is fresher than the supermarket’s.
- You can compare dozens of options on the marketplace without visiting multiple stores in person.
- He launched his app into a crowded marketplace and still managed to attract loyal users through clear design.
- They negotiated with suppliers at the marketplace, aiming to secure consistent quality rather than the lowest price.
Common mistake
Learners sometimes confuse marketplace with market, but marketplace usually emphasizes a specific venue or platform with multiple sellers.
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