Difference between revisions of "Marketplace"
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[[File:lighterstill.jpg]][[File:Marketplace.jpg|right|frame]] | [[File:lighterstill.jpg]][[File:Marketplace.jpg|right|frame]] | ||
| − | *[ | + | *[https://en.wikipedia.org/wiki/14th_century 14th Century] |
==Definitions== | ==Definitions== | ||
*1a : an open square or place in a [[town]] where markets or [[public]] sales are held | *1a : an open square or place in a [[town]] where markets or [[public]] sales are held | ||
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*3: a [[sphere]] in which intangible [[values]] compete for [[acceptance]] <the marketplace of [[ideas]]> | *3: a [[sphere]] in which intangible [[values]] compete for [[acceptance]] <the marketplace of [[ideas]]> | ||
==Description== | ==Description== | ||
| − | A '''marketplace''' is the [[space]], [[actual]], [[virtual]] or [[metaphor]]ical, in which a market operates. The term is also used in a [ | + | A '''marketplace''' is the [[space]], [[actual]], [[virtual]] or [[metaphor]]ical, in which a market operates. The term is also used in a [https://en.wikipedia.org/wiki/Trademark trademark] law context to denote the actual consumer [[environment]], ie. the 'real world' in which [[products]] and [[services]] are provided and consumed. |
==Marketplaces and street markets== | ==Marketplaces and street markets== | ||
| − | A marketplace is a location where [[goods]] and [[services]] are exchanged. The [[traditional]] [ | + | A marketplace is a location where [[goods]] and [[services]] are exchanged. The [[traditional]] [https://en.wikipedia.org/wiki/Market_square market square] is a [[city]] square where traders set up stalls and buyers browse the merchandise. This kind of market is very old, and countless such markets are still in operation around the whole world. |
| − | *In [ | + | *In [https://en.wikipedia.org/wiki/Northern_America North America] such markets fell out of [[favor]], but renewed interest in [https://en.wikipedia.org/wiki/Local_food local food] has caused the reinvention of this type of market, called farmers' markets, in many towns and cities. |
| − | *In Europe, especially in [ | + | *In Europe, especially in [https://en.wikipedia.org/wiki/France France] and [https://en.wikipedia.org/wiki/Britain Britain], street markets, as well as "marketplaces" (covered places where merchants have stalls, but not entire stores) are commonplace. Both resellers and producers sell their wares to the public. |
| − | *In [ | + | *In [https://en.wikipedia.org/wiki/France Australia], the largest "open air" market is the [https://en.wikipedia.org/wiki/Queen_Victoria_Market Queen Victoria Market] - at seven hectares (17 acres), in Melbourne, which is also the largest in the Southern Hemisphere. |
| − | *Markets are often temporary, with stalls only present for one or two days a week ("market days"), however some (such as [ | + | *Markets are often temporary, with stalls only present for one or two days a week ("market days"), however some (such as [https://en.wikipedia.org/wiki/Camden_Market Camden] Market in London, UK) are open every day of the week. Such markets are normally specialist—the various stalls of Camden Market, along with the shops associated with it, sell a variety of alternative lifestyle products ranging from clothes and jewellery to CDs, instruments and furniture. An example of a large market is [https://en.wikipedia.org/wiki/Chatuchak_weekend_market Chatuchak weekend market in Bangkok]. |
| − | *Some large markets have become permanent [[institutions]] comparable to shopping malls. One example is the huge [ | + | *Some large markets have become permanent [[institutions]] comparable to shopping malls. One example is the huge [https://en.wikipedia.org/wiki/Seventh-Kilometer_Market Seventh-Kilometer Market] near Odessa, Ukraine. |
| − | The [[Roman]] term for market, still in use in a related sense, is [[forum]]. The modern [ | + | The [[Roman]] term for market, still in use in a related sense, is [[forum]]. The modern [https://en.wikipedia.org/wiki/Shopping_mall shopping mall] can be seen as an extension of this [[concept]].[https://en.wikipedia.org/wiki/Marketplace] |
[[Category: Economics]] | [[Category: Economics]] | ||
[[Category: General Reference]] | [[Category: General Reference]] | ||
Latest revision as of 01:20, 13 December 2020
Definitions
- b : market <the marketplace is the interpreter of supply and demand>
- 2: the world of trade or economic activity : the everyday world
- 3: a sphere in which intangible values compete for acceptance <the marketplace of ideas>
Description
A marketplace is the space, actual, virtual or metaphorical, in which a market operates. The term is also used in a trademark law context to denote the actual consumer environment, ie. the 'real world' in which products and services are provided and consumed.
Marketplaces and street markets
A marketplace is a location where goods and services are exchanged. The traditional market square is a city square where traders set up stalls and buyers browse the merchandise. This kind of market is very old, and countless such markets are still in operation around the whole world.
- In North America such markets fell out of favor, but renewed interest in local food has caused the reinvention of this type of market, called farmers' markets, in many towns and cities.
- In Europe, especially in France and Britain, street markets, as well as "marketplaces" (covered places where merchants have stalls, but not entire stores) are commonplace. Both resellers and producers sell their wares to the public.
- In Australia, the largest "open air" market is the Queen Victoria Market - at seven hectares (17 acres), in Melbourne, which is also the largest in the Southern Hemisphere.
- Markets are often temporary, with stalls only present for one or two days a week ("market days"), however some (such as Camden Market in London, UK) are open every day of the week. Such markets are normally specialist—the various stalls of Camden Market, along with the shops associated with it, sell a variety of alternative lifestyle products ranging from clothes and jewellery to CDs, instruments and furniture. An example of a large market is Chatuchak weekend market in Bangkok.
- Some large markets have become permanent institutions comparable to shopping malls. One example is the huge Seventh-Kilometer Market near Odessa, Ukraine.
The Roman term for market, still in use in a related sense, is forum. The modern shopping mall can be seen as an extension of this concept.[1]
