Meaning & Definition of word "Market"
Market
/ˈmɑːrkɪt/
noun:
- 1. A place where goods and services are bought and sold.
- Example: She goes to the market every Saturday to buy fresh vegetables.
- 2. The area of commercial activity, especially the demand for goods and services.
- Example: The smartphone market has seen significant growth in recent years.
- 3. A gathering of people for the purpose of buying and selling, often outdoors.
- Example: The farmers' market attracts many local residents looking for organic produce.
verb:
- 1. To offer (goods or services) for sale.
- Example: They plan to market their new product through social media.
- 2. To promote or advertise a product.
- Example: The company spent a lot of money to market their latest video game.
Etymology
●Middle English: from Old French 'marchet', which comes from 'marchier' meaning 'to trade'.
Common Phrases and Expressions
market share:
The portion of a market controlled by a particular company or product.
on the market:
Available for sale or rent.
corner the market:
To gain control of a specific market.
Related Words
marketplace:
A location or medium where goods can be bought and sold.
marketing:
The act of promoting and selling products or services.
Slang Meanings of market
Meaning: To sell something quickly.
● Example Sentence: I have to market these tickets before the concert starts.
Meaning: A trendy place where young people gather to buy unique products.
● Example Sentence: Let's check out that new market downtown where they have artisanal crafts.