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English definition of “marketplace”

marketplace

noun [C]
 
 
/ˈmɑːkɪtpleɪs/ COMMERCE
[usually singular] MARKETING a place where a particular product or service is bought or sold, or the conditions for buying and selling there: enter/reach the marketplace Better quality diamonds produced in laboratories have been entering the marketplace.control/dominate a marketplace The company has the ability to dominate a marketplace even while branching out from its core product.compete in/succeed in a marketplace Small employers frequently struggle to compete in the marketplace. the global/international marketplace To remain competitive the company has to be able to adapt to the changing international marketplace.the marketplace for sth She helped create the marketplace for handcrafted computer cases. It's essential that we maintain our position in the marketplace.a competitive/crowded marketplace How do we promote our music in an already crowded marketplace? the financial/insurance/technology marketplace
(also market square) a small outside area in a town designed for holding markets: I'll meet you in the marketplace next to the fountain.
(Definition of marketplace from the Cambridge Business English Dictionary © Cambridge University Press)
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