Cool MateMarketplace
UK /["/ˈmɑːkɪtpleɪs/"]/US /["/ˈmɑːrkɪtpleɪs/"]/
Definition
the activity of competing with other companies to buy and sell goods, services, etc.
In simple words: A place where people buy and sell things.
Examples
- Companies must be able to survive in the marketplace.
- the education marketplace
- They have successfully adapted to the demands of the global marketplace.
Usage notes
Use 'marketplace' when referring to a physical or online space for trade. It's appropriate in business contexts but can also be used in everyday conversation.
Grammar pattern
standalone noun
Memory hint
Think of a market with many stalls — that's a marketplace!
Collocations
- competitive
- crowded
- commercial
- enter
- crowd
- flood
- in a/the marketplace
Synonyms
- bazaar
- trading post
- exchange
- flea market
- emporium
Antonyms
- monopoly
- solitude
Common mistakes
- Confused with 'market' which is broader and can refer to any buying-selling context.
- Incorrectly use as a verb; 'marketplace' is always a noun.