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marketplace

C1
noun

Pronunciation

UK

  • /mˈɑːkɪtplˌeɪs/

US

  • /ˈmɑrkətˌpleɪs/
  • /ˈmɑrkɪtˌpleɪs/

Description

A marketplace is not just a place where people sell fruit or vegetables. It can be any physical or online place where goods or services are bought and sold. You might picture a busy street market, but the word is also used for websites like Amazon or Etsy, where sellers meet buyers from many places.

The word can also be used in a wider way. People talk about the job marketplace or the marketplace of ideas to describe a space where people, choices, or opinions compete with each other. In that sense, it is not always a real place. It can also mean any setting where exchange and competition happen.

Examples

  1. 1

    Fresh food

    Farmers bring fresh fruit and vegetables to the marketplace every Saturday.

  2. 2

    Online selling

    She sells handmade jewelry on an online marketplace.

  3. 3

    Local services

    The app has become a marketplace for local services, from tutoring to house repairs.

  4. 4

    Business competition

    Small companies often struggle to stand out in a crowded marketplace.

    • Phrase

      crowded marketplace

      a business area with many competing sellers or products

  5. 5

    Customer trust

    Price matters, but trust can be just as important in the marketplace.

    • Phrase

      in the marketplace

      in business, where companies compete and customers choose

  6. 6

    Public debate

    Universities should be a marketplace of ideas, not a place where people are afraid to disagree.

    • Phrase

      marketplace of ideas

      a situation where many different opinions can be shared and debated

See also

nouna place, platform, or system where buyers and sellers trade goods or services

Similar

Shades of meaning

Contrast

Used with (collocations)

  • online marketplace
  • global marketplace
  • competitive marketplace
  • marketplace seller

Explore

  • supply and demand
  • e-commerce

Forms and spellings

2 forms open this card.

Main spelling

  • marketplacenoun

Forms

  • marketplacespluralnoun