marketplace
gb/mˈɑɹkɪtplˌeɪs/ us/mˈɑɹkɪtplˌeɪs/
A2
English
~ 3100
Senses
0 senses
Noun
A2
entity
1
Place for buying and selling
A place, real or on the internet, where people buy and sell things.
Usage pattern:
[someone] visits [a marketplace] to buy [something]
Common mistake:
Learners sometimes confuse 'marketplace' with 'supermarket'. A supermarket is a specific type of store, while a marketplace can be many sellers in one place or online.
Synonyms
market (Often interchangeable, but 'marketplace' can emphasize a broader or more organized area, physical or digital.)
|
bazaar (Suggests a more traditional or cultural setting, often outdoors.)
Antonyms
noncommercial space (A place where no buying or selling takes place.)
Collocations
online marketplace
|local marketplace
|digital marketplace
|global marketplace
|traditional marketplace
Themes
business
|commerce
|shopping
|daily_life
|core_vocabulary
Examples
- The village has a lively marketplace every Saturday.
- Amazon is one of the largest online marketplaces in the world.
- Street performers entertained shoppers in the bustling marketplace.
- Vendors in the marketplace sell everything from spices to handmade jewelry.
- The new app serves as a marketplace for freelance designers.
Learner examples
- We went to the marketplace to buy fruit.
- The marketplace is full of people.
- I found a good book in the online marketplace.
- Many shops are in the big marketplace.
Noun
B2
entity
2
Competitive economic environment
All the companies and people who are buying and selling things, and how they compete with each other.
Usage pattern:
[something] happens in [the marketplace]
Common mistake:
Learners may confuse this abstract meaning with the physical place meaning. In this sense, it refers to an economic system, not a location.
Synonyms
market (Broadly the same, but 'marketplace' can add emphasis on competition and interaction.)
Antonyms
monopoly (A market situation with no competition.)
Collocations
competitive marketplace
|global marketplace
|free marketplace
Themes
business
|economics
|finance
|core_vocabulary
Examples
- Small businesses struggle to survive in today's global marketplace.
- Innovation is key to succeeding in the competitive marketplace.
- The company is trying to expand its presence in the Asian marketplace.
Learner examples
- It is hard to win in the global marketplace.
- The marketplace today is very competitive.
- Many companies fight for customers in the marketplace.
Grammar
Dictionary form
marketplace
IPA
GB/mˈɑɹkɪtplˌeɪs/
US/mˈɑɹkɪtplˌeɪs/
Syllables & stress
mar - ket - place (3 syllables)
Stress on 1st syllable (mar)
Word forms
Noun
- Base: marketplace
- Plural: marketplaces
Word family
Forms
marketplaces
noun
Related words
marketer
noun B1
marketable
adjective
Negative and opposite forms
unmarketable
adjective
Advanced or less common
marketability
noun C1
Expressions
enter the marketplace
1/ˈɛntɚ ðə mˈɑɹkɪtplˌeɪs/
fixed phrase
Start trading commercially
To start selling goods or services in a business area where others also sell.
Examples
- The startup plans to enter the marketplace next spring.
- Many foreign brands are entering the marketplace due to high demand.
global marketplace
1/ɡlˈoʊbəl mˈɑɹkɪtplˌeɪs/
fixed phrase
Worldwide trade system
All the buying and selling that happens between countries around the world.
Examples
- Technology has connected people across the global marketplace.
- Competition in the global marketplace is intense.
in the marketplace
1/ˈɪn ðə mˈɑɹkɪtplˌeɪs/
fixed phrase
Competing in trade or commerce
Active in selling or buying goods or services, especially in competition with others.
Examples
- Several new products have appeared in the marketplace this year.
- Our company has been in the marketplace for over 20 years.