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English definition of “marketplace”

marketplace

noun [C] uk   /ˈmɑː.kɪt.pleɪs/ us    /ˈmɑːr-/

marketplace noun [C] (PLACE)

a small outside area in a town where there is a market: I'll meet you in the marketplace next to the fountain.

marketplace noun [C] (BUSINESS CONDITIONS)

a set of trading conditions or the business environment: To remain competitive the company has to be able to adapt to the changing marketplace. It's essential that we maintain our position in the marketplace (= keep our share of business activity).
(Definition of marketplace from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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