Meaning of the word marketplace in English

What does marketplace mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

marketplace

US /ˈmɑːr.kɪt.pleɪs/

UK /ˈmɑːr.kɪt.pleɪs/

an open public space where a market is or was formerly held

Example:

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The old town square used to be a bustling marketplace.

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Vendors set up their stalls in the central marketplace.

Synonym:

market bazaar souk forum plaza

the arena of commercial dealings

Example:

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The company is struggling to compete in the global marketplace.

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Innovation is key to success in today's competitive marketplace.

Synonym:

market economy commerce trade business world

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