Pronunciation

/ˈmɑːrkɪt/

Definitions

• Noun: A place where goods are bought and sold, often outdoors; a regular gathering of people for the purchase and sale of provisions, livestock, etc. For example: “The farmers’ market sells fresh produce every weekend.”
• Noun: The activity or process of buying and selling goods and services; the system by which this is done. For example: “The global financial market experienced a downturn last year.”
• Noun: A group of people or organizations that buy a particular product or service, considered as a whole. For example: “They are targeting the youth market for their new video game.”
• Verb: To sell (goods) in a market; to make available for sale to the public. For example: “The company markets its products worldwide.”
• Verb: To promote or advertise (a product, idea, etc.) so as to increase sales or popularity. For example: “They will market the new app through social media campaigns.”

Phrases

• “Market share”: The proportion of total sales in an industry or market that a company accounts for.
• “Black market”: An illegal traffic or trade in goods, especially one conducted without government approval.
• “In the market for something”: Looking to buy a specific item or type of product.
• “Marketing strategy”: A plan to promote and sell a product or service.

Example Sentences

• Noun: “The weekly market was bustling with vendors selling handmade crafts and local delicacies.”
• Verb: “They have marketed their eco-friendly products successfully to environmentally conscious consumers.”
• Noun (as a target audience): “This new smartphone is specifically designed for the tech-savvy market.”

Synonyms

• Bazaar
• Trade fair
• Exchange
• Sale
• Promote
• Advertise
• Sell
• Retail
• Peddle
• Distribute