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market(noun)/ˈmɑːkɪt/ /ˈmɑːrkɪt/- an occasion when people buy and sell goods; the open area or building where they meet to do this
SEE ALSO farmers’ market
https://www.oxfordlearnersdictionaries.com/definition/english/farmers-market - a fruit/flower/fish market
- an antiques market
- an indoor/a street market
- market stalls/traders
- We buy our fruit and vegetables at the market.
- Thursday is market day.
Extra Examples- Every town here has its street market.
- They took the pigs to market.
- He bought the socks from a market stall in Gloucester.
- The town was granted a charter to hold a market on Fridays.
- You can buy seaweed at any local market.
- Market traders donned traditional costumes to sell their mouth-watering crepes, cheeses and wines.
- business or trade, or the amount of trade in a particular type of goods
SEE ALSO labour market
https://www.oxfordlearnersdictionaries.com/definition/english/labour-market - the world market in coffee
- They have increased their share of the market by 10 per cent.
- The firm will expand its size to claim more market share.
- the property/housing/job market (= the number and type of houses, jobs, etc. that are available)
- They have cornered the market in sportswear (= sell the most).
- New companies have entered the market.
- The big players still dominate the market.
Extra Examples- A relatively small group of collectors drives the art market.
- Organic product lines have expanded from serving a small niche market.
- Their books were geared to a mass market.
- Lenders have flooded the market with easy credit.
- Markets evolve in response to consumer demands.
- They seem to have identified a gap in the market.
- Rising mortgage rates will price some people out of the market.
- We will charge whatever the market will bear.
- a particular area, country or section of the population that might buy goods
SEE ALSO common market
https://www.oxfordlearnersdictionaries.com/definition/english/common-market - The Chinese market has opened up recently.
- Expansion into the global market brings more risk.
- They supply beef to the domestic market.
- The young, health-conscious female consumer is our target market.
Extra Examples- Emerging markets in Asia and Latin America represent the best export opportunities for us.
- They're hoping to get into the Far Eastern market.
- The disks are designed for professional applications, rather than the consumer market.
- There is not a broad commercial market for these prints.
- Giving away free toys is a popular way to tap the family market.
- Both products are targeting the same market.
- Single professionals with no children are a lucrative market.
- The company has established new markets in China, Bermuda and Algeria.
- the number of people who want to buy something
SYNONYM demand
https://www.oxfordlearnersdictionaries.com/definition/english/demand_2 - a growing/declining market for second-hand cars
- There's not much of a market for tourist art on the island.
- New Zealand is competing in an international market for medical graduates.
- people who buy and sell goods in competition with each other
SEE ALSO black market
https://www.oxfordlearnersdictionaries.com/definition/english/black-market - The market will decide if the TV station has any future.
- a market-based/market-led/market-driven economy
- innovative products at the forefront of market trends
Extra Examples- He believes that regulating the market is a good thing.
- Some services cannot be left to the market.
- the business of buying and selling shares in companies and the place where this happens; a stock exchange
SEE ALSO bear market
https://www.oxfordlearnersdictionaries.com/definition/english/bear-market - the futures market
- a market crash
- The market closed weaker.
- The markets reacted quickly to the negative publicity.
Extra Examples- The market was down 15 per cent.
- He believes oil stocks will outperform the market over the next 12 months.
- Government attempts to manipulate currency markets tend to backfire.
- a situation in which there is a lot of a particular item for sale, so that prices are low and people buying have a choice
- In a buyer's market, the commodity is plentiful and so its price is not high.
- interested in buying something
- I'm not in the market for a new car at the moment.
- available for people to buy
- to put your house on the market
- The house came on the market last year.
- There are hundreds of different brands on the market.
- available to buy without any limits
- to buy and sell stocks and shares in order to make a profit
- He is a skilled investor who knows how to play the market—and win.
- to charge such a high price for your goods, services, etc. that nobody wants to buy them
- Some leading UK firms are pricing themselves out of the market.
- a situation in which people selling something have an advantage, because there is not a lot of a particular item for sale, and prices can be kept high
- In a seller’s market, demand exceeds supply, and prices are high.
- to stop something from being sold
- The slimming pills were taken off the market.
- Thousands of egg products were taken off the shelves following the health scare.
Word Origin- Middle English, via Anglo-Norman French from Latin mercatus, from mercari ‘buy’, from merx, merc- ‘merchandise’.
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