Market

Definition

Market is a noun and a verb. As a noun, it refers to a place where goods and services are bought and sold, or the demand for such goods and services. As a verb, it means to promote or sell products or services.

Parts of Speech

• Noun
• Verb

Pronunciation

American English

• IPA Pronunciation: /ˈmɑːrkɪt/
• Respelling: MAR-kit

British English

• IPA Pronunciation: /ˈmɑːkɪt/
• Respelling: MAH-kit

Etymology

The word "market" originates from the Latin "mercatus," meaning "trade" or "marketplace," derived from "mercari" (to trade or buy). It entered Middle English through Old North French "marchiet."

Derivatives

• Marketing (noun)
• Marketer (noun)
• Marketable (adjective)
• Marketplace (noun)
• Marketization (noun)

Synonyms

• Bazaar
• Marketplace
• Commerce

Antonyms

• None

Usage

The term "market" is commonly used in both economic and social contexts. For example, "The market for organic produce is growing," or "They marketed their product to a younger audience."

Related Terms

• Economy: The system of production, distribution, and consumption of goods and services.
• Trade: The exchange of goods and services.
• Consumer: A person who purchases goods and services.

Detailed Definitions

Noun

• A place where goods and services are bought and sold: Refers to a physical or virtual location for trade.
  • Example: "The farmers’ market is open on Saturdays."
• The demand for specific goods or services: Describes economic activity in a sector.
  • Example: "The tech market is experiencing rapid growth."
• A public gathering for buying and selling goods: Refers to an event or periodic market.
  • Example: "The village market is a weekly event."

Verb

• To promote or sell goods or services: Refers to advertising or positioning products for sale.
  • Example: "The company markets its products through social media."
• To present or position something in a particular way: Describes efforts to appeal to a specific audience.
  • Example: "They marketed the film as a family-friendly comedy."