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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

Forms and spellings

2 forms open this card.

Main spelling

  • marketplacenoun

Forms

  • marketplacespluralnoun