Marketplace
Marketplace
Marketplace (pronunciation: /ˈmɑːrkɪtpleɪs/), is a term used to describe a location or a service where goods and services are bought and sold. The term originates from the Middle English words "market" and "place".
Etymology
The term "marketplace" is derived from the Middle English "market" and "place". "Market" comes from the Latin "mercatus", meaning trade or place of trade, and "place" comes from the Old English "plæce", meaning a broad way or open space.
Related Terms
- Trade: The act of buying and selling goods and services.
- E-commerce: The buying and selling of goods and services over the internet.
- Retail: The sale of goods to the public in relatively small quantities for use or consumption rather than for resale.
- Wholesale: The sale of goods in large quantities to be retailed by others.
- Supply and Demand: An economic model of price determination in a market.
- Consumer: A person who purchases goods and services for personal use.
- Seller: A person who sells or supplies goods or services.
- Buyer: A person who makes a purchase.
See Also
External links
- Medical encyclopedia article on Marketplace
- Wikipedia's article - Marketplace
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