Market
ˈmɑːrkɪt
Definitions
2 meaningsA regular gathering of people for the purchase and sale of provisions, livestock, and other goods.
ˈmɑːrkɪt
A place or system for trading goods and services.
The local market is open every Saturday morning.
💡 Simply: Imagine a big shopping day! The market is like a giant store, but with lots of different sellers offering all sorts of things. Think of the farmer's market for fresh veggies or the stock market for buying shares in companies. It’s where people come together to trade.
👶 For kids: A market is like a special store where people buy and sell things.
More Examples
The company is exploring new markets for its products.
The stock market experienced a sharp decline.
How It's Used
"The stock market rose significantly today."
"I went to the farmer's market to buy fresh produce."
To advertise or promote (something) to encourage its sales.
ˈmɑːrkɪt
To promote or sell goods.
The company is planning to market the new phone in the coming weeks.
💡 Simply: Imagine you have a super cool toy. To get everyone to buy it, you have to show it off in a fun way! That's 'marketing'. You're trying to make people want your product!
👶 For kids: To market something is to show people your product and try to get them to buy it.
More Examples
They are marketing the book through social media.
A lot of marketing goes into advertising soft drinks.
How It's Used
"They are marketing the new product aggressively."
"The company effectively markets its services online."
Idioms & expressions
market forces
The economic factors affecting the price and availability of goods.
"Market forces determine the price of gasoline."
on the market
Available for sale.
"The house has just come on the market."
a buyer's market
A market condition where there are more goods/services than buyers, giving buyers more power.
"With so many houses on the market, it's currently a buyer's market."
From Old French *marchiet* 'market, trade', from Latin *mercatus* 'trade, marketplace', past participle of *mercor* 'to trade'.
The term 'market' has been used since the early 13th century, evolving from the concept of a place for buying and selling to encompass various economic activities.
Memory tip
Think of a place where people gather to buy and sell things like food, clothes, or stocks. It’s a 'market'!
Word Origin
"trade"