Reading Theme:
Market Definition, Examples & Common Usage (2 meaning)
Meaning 1：a physical marketplace (market)
market
/ˈmɑːrkɪt/
n.
A physical place, like an outdoor square or a building, where people buy and sell goods.
a physical marketplace
➕
/ə ˈfɪzɪkəl ˈmɑːrkɪtpleɪs/
n.
A designated location, either open-air or indoor, where vendors gather to sell goods and services directly to consumers.
📘 Details & Usage
📖 Root Explanation
From Latin 'mercatus' (trade, marketplace), related to 'merx' (goods).
💡 Mnemonic
Think 'Mark the spot where you buy things' — Mark + et = market.
📖 Example
Every Saturday, we go to the market to buy fresh vegetables directly from the farmers.
Every Saturday, we go to the market to buy fresh vegetables directly from the farmers.
🔗 Collocations
farmer's market – A market where local farmers sell their produce directly to the public
outdoor market – A market located outside, often in a square or street
flea market – A market selling second-hand goods and antiques
🔄 Synonyms
bazaar (n.) – A market in Middle Eastern or Asian countries, often with many small shops
fair (n.) – A temporary market with stalls and amusements
marketplace (n.) – An open space where a market is held
🚫 Antonyms
online store (n.) – A virtual shop accessed via the internet
🌱 Derivatives
marketing (n.) – The activity of promoting and selling products or services
marketable (adj.) – Easily sold or in demand
marketplace (n.) – A physical or virtual space for buying and selling
📖 Cultural Story
The word entered English via Old French 'market', rooted in the Roman concept of a public trading place (forum). Modern usage expanded to abstract economic contexts in the 17th century.
Meaning 2：target consumer group or demand (market)
market
/ˈmɑːrkɪt/
n.
The activity of selling products to particular people, or the people who want to buy them.
target consumer group or demand
➕
/ˈtɑːrɡɪt kənˈsuːmər ɡruːp ɔːr dɪˈmænd/
n.
The set of actual or potential buyers of a product or service, along with the economic conditions that influence their purchasing decisions.
📘 Details & Usage
📖 Example
Our company is doing research to find the right market for this new educational app.
Our company is doing research to find the right market for this new educational app.
🔗 Collocations
target market – The specific group of consumers a business aims to sell to
market research – The process of gathering information about consumers' needs and preferences
market share – The percentage of total sales in a market held by a particular company
🔄 Synonyms
demand (n.) – The quantity of a product that consumers are willing to buy
consumer base (n.) – The group of customers who regularly buy a product
audience (n.) – The intended target group for a product or message
🚫 Antonyms
monopoly (n.) – A situation where one seller controls the entire supply
🌱 Derivatives
marketing (n.) – The activities involved in promoting and selling products
marketable (adj.) – Having qualities that make it likely to sell well
Wordbook
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