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  2. Dictionary

    mar·ket
    [ˈmärkət]
    noun
    market (noun) · markets (plural noun)
    1. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities:
      "farmers going to market"
    2. an area or arena in which commercial dealings are conducted:
      "the labor market" · "the sale of cruisers in the American market continues to plummet"
      • a demand for a particular commodity or service:
        "there is a market for ornamental daggers"
      • the state of trade at a particular time or in a particular context:
        "the bottom's fallen out of the market"
        Similar:
        buying and selling
      • the free market; the operation of supply and demand:
        "future development cannot simply be left to the market" · "a market economy"
      • a stock market:
        "the sale of the company's shares on world markets"
    verb
    market (verb) · markets (third person present) · marketed (past tense) · marketed (past participle) · marketing (present participle)
    1. advertise or promote (something):
      "the product was marketed under the name “aspirin.”"
    Origin
    Middle English, via Anglo-Norman French from Latin mercatus, from mercari ‘buy’ (see also merchant).
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  3. People also ask
    What does the term 'market' mean?A market is an open place or a covered building where buyers and sellers convene for the sale of goods; a marketplace.
    What is a market in economics?In economics, a market is any place where two or more parties can meet to engage in an economic transaction. Markets can involve goods, services, information, currency, or any combination that passes from one party to another. A market is an arena in which buyers and sellers can gather and interact.
    What is a market in business?A market is any place where sellers of particular goods or services can meet with buyers of those goods and services to create the potential for a transaction. The buyers must have something they can offer in exchange for the product for a successful transaction to occur.
    What is a market and why is it important?A market is a place where people and businesses buy and sell goods and services. It is an essential part of the economy and facilitates the exchange of value between buyers and sellers.
     
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