Market Definition
market
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English
Etymology
Recorded since circa 1154, "a meeting at a fixed time for buying and selling livestock and provisions". From Old Northern French market (Old French marchiet, modern marché), from Latin mercātus (“trade, market”), from mercor (“I trade, deal in, buy”), itself derived from merx (“wares, merchandise”), from the Italic root *merk-, possibly stemming from Etruscan, referring to various aspects of economics.
Pronunciation
- (UK) IPA: /ˈmɑːkɪt/, SAMPA: /"mA:kIt/
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Audio (UK) (file) - (US) IPA: /ˈmɑɹkɪt/, SAMPA: /"mArkIt/
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Audio (US) (file) - Hyphenation: mar‧ket
Noun
market (plural markets)
- City square or other fairly spacious site where traders set up stalls and buyers browse the merchandise.
- The crowds at the market were quite noisy.
- We're going to the market to get some fresh vegetables and fruits.
- An organised, often periodic, trading event at such site
- The privilege to hold a weekly market was invaluable for any feudal era burgh
- The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.
- Definition used by famous economist of the Austrian school, Ludwig Von Mises, in his book Human Action.
- A group of potential customers for one's product.
- We believe that the market for the new widget is the older homeowner.
- A geographical area where a certain commercial demand exist
- Foreign markets were lost as our currency rose versus their valuta
- A formally organized, sometimes monopolistic, system of trading in specified goods or effects
- The stock market ceased to be monopolized by the paper-shuffling national stock exchanges with the advent of Internet markets
- The sum total traded in a process of individuals trading for certain commodities.
Synonyms
Derived terms
derived terms
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Related terms
- mart
- mercantile
- merchant
- Mercury (among other things the Roman god of commerce).
Verb
market (third-person singular simple present markets, present participle marketing, simple past and past participle marketed)
- (transitive) To make (products or services) available for sale and promote them.
- We plan to market an ecology model by next quarter.
- (transitive) To sell
- We marketed more this quarter already then all last year!
Derived terms
Translations
to make available and promote
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Related terms
- marketer
- marketing campaign
Adjective
market (not comparable)
- Relating to a (commercial) market.
- We waited to hear the latest market results.
Usage notes
- Attributive use of noun.
- Rarely used as predicate, after form of "to be".
Translations
relating to a market
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A market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers. It can be said that a market is the process in which the prices of goods and services are established.