ENGLISH
REFERENCE

marketplace

n. countable
C1 Advanced Oxford US //ˈmɑɹkətˌpɫeɪs// UK //mˈɑːkɪtplˌeɪs// mar·ket·place

n. the world of business and trade where companies compete to sell products. It can also mean a physical area where people meet to buy and sell goods.

n. the arena of commercial activity where forces of supply and demand operate; the world of trade. Often used metaphorically to describe the competitive environment for ideas or services.


SIMPLE

New companies must work hard to survive in the global marketplace.

CONTEXTUAL

The digital marketplace has completely changed how small businesses reach customers in different countries.

COMPLEX

In a saturated marketplace, brand loyalty often becomes the primary differentiator between products that are otherwise identical in quality and price.

Synonyms
Origin

From market + place.

Usage

Often used with the definite article ('the marketplace') when referring to the general world of commerce.

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