market
A place where people buy and sell things.
Market can mean several things:
- A place where people buy and sell goods. A farmers' market is where growers set up stands to sell fresh vegetables, fruit, and flowers directly to customers. For thousands of years, markets have been where communities gathered to trade: a bustling town square filled with merchants calling out their prices, customers comparing quality, and the energy of exchange and negotiation. Some markets specialize in particular goods, like fish markets near harbors or flea markets where people sell used items and antiques.
- The demand for a particular product or service. When a company wonders if there's a market for a new toy, they're asking whether enough people will want to buy it. A business teacher might explain that “there's no market for ice in Antarctica,” meaning nobody there needs to buy something they already have in abundance. Finding the right market means understanding what people need or want.
- To promote or advertise something. When a company markets a new game, they create commercials, design eye-catching packaging, and try to make people excited about buying it. Smart marketing shows customers why they'd enjoy the product. Someone good at marketing understands what makes people interested and how to present information persuasively.
- The stock market, where people buy and sell shares of companies. When adults talk about “the market going up,” they usually mean stock prices are rising.