Marketplace
A Marketplace is a place where a market operates (with market transactions).
- Context:
- It can (typically) be modeled as a Multi-Agent Competitive Game.
- It can range from being an Unregulated Marketplace to being a Regulated Marketplace.
- …
- Example(s):
- a Street Market, such as a Christmas market.
- …
- Counter-Example(s):
- a Commune.
- See: Economic Competition, Wholesale Market, Internet Marketplace.
References
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/marketplace Retrieved:2021-12-25.
- A market, or marketplace, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a market place may be described as a souk (from the Arabic), bazaar (from the Persian), a fixed mercado (Spanish), or itinerant tianguis (Mexico), or palengke (Philippines). Some markets operate daily and are said to be permanent markets while others are held once a week or on less frequent specified days such as festival days and are said to be periodic markets. The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term market covers many types of trading, as market squares, market halls and food halls, and their different varieties. Due to this, marketplaces can be situated both outdoors and indoors, and in the modern world, online marketplaces.
Markets have existed for as long as humans have engaged in trade. The earliest bazaars are believed to have originated in Persia, from where they spread to the rest of the Middle East and Europe. Documentary sources suggest that zoning policies confined trading to particular parts of cities from around 3,000 BCE, creating the conditions necessary for the emergence of a bazaar. Middle Eastern bazaars were typically long strips with stalls on either side and a covered roof designed to protect traders and purchasers from the fierce sun. In Europe, informal, unregulated markets gradually made way for a system of formal, chartered markets from the 12th century. Throughout the Medieval period, increased regulation of marketplace practices, especially weights and measures, gave consumers confidence in the quality of market goods and the fairness of prices. Around the globe, markets have evolved in different ways depending on local ambient conditions, especially weather, tradition, and culture. In the Middle East, markets tend to be covered, to protect traders and shoppers from the sun. In milder climates, markets are often open air. In Asia, a system of morning markets trading in fresh produce and night markets trading in non-perishables is common.
Today, markets can also be accessed electronically or on the internet through e-commerce or matching platforms.
In many countries, shopping at a local market is a standard feature of daily life. Given the market's role in ensuring food supply for a population, markets are often highly regulated by a central authority. In many places, designated market places have become listed sites of historic and architectural significance and represent part of a town or nation's cultural assets. For these reasons, they are often popular tourist destinations.
- A market, or marketplace, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a market place may be described as a souk (from the Arabic), bazaar (from the Persian), a fixed mercado (Spanish), or itinerant tianguis (Mexico), or palengke (Philippines). Some markets operate daily and are said to be permanent markets while others are held once a week or on less frequent specified days such as festival days and are said to be periodic markets. The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term market covers many types of trading, as market squares, market halls and food halls, and their different varieties. Due to this, marketplaces can be situated both outdoors and indoors, and in the modern world, online marketplaces.
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/marketplace#Types Retrieved:2021-12-25.
- There are many different ways to classify markets. One way is to consider the nature of the buyer and the market's place within the distribution system. This leads to two broad classes of market, namely retail market or wholesale markets. The economist, Alfred Marshall classified markets according to time period. In this classification, there are three types of market; the very short period market where the supply of a commodity remains fixed. Perishables, such as fruit, vegetables, meat and fish fall into this group since goods must be sold within a few days and the quantity supplied is relatively inelastic. The second group is the short period market where the time in which the quantity supplied can be increased by improving the scale of production (adding labor and other inputs but not by adding capital). Many non-perishable goods fall into this category. The third category is the long-period market where the length of time can be improved by capital investment. [1] Other ways to classify markets include its trading area (local, national or international); its physical format or its produce. Major physical formats of markets are: *Bazaar: typically a covered market in the Middle East *Car boot sale - a type of market where people come together to trade household and garden goods; very popular in the United Kingdom
- Dry market: a market selling durable goods such as fabric and electronics as distinguished from "wet markets"
- E-commerce: an online marketplace for consumer products which can be sold anywhere in the world
- Indoor market of any sort
- Marketplace: an open space where a market is or was formerly held in a town
- Market square in Europe: open area usually in town centre with stalls selling goods in a public square
- Public market in the United States: an indoor, fixed market in a building and selling a variety of goods
- Street market: a public street with stalls along one or more sides of the street
- Floating market: where goods are sold from boats, chiefly found in Thailand, Indonesia and Vietnam.
- Night market: popular in many countries in Asia, opening at night and featuring much street food and a more leisurely shopping experience. In Indonesia and Malaysia they are known as pasar malam
- Wet market (also known as a public market): a market selling fresh meat, fish, produce, and other perishable goods as distinguished from "dry markets"[2]
- Markets may feature a range of merchandise for sale, or they may be one of many specialist markets, such as:
- Animal markets (i.e. livestock markets)
- Antique markets
- Farmers' markets, focusing on fresh produce and gourmet food lines (preserves, chutneys, relishes, cheeses etc.) prepared from farm produce *Fish markets *Flea markets or swap meets, a type of bazaar that rents space to people who want to sell or barter merchandise. Used goods, low quality items, and high quality items at low prices are commonplace *Flower markets, such as the Mercado Jamaica in Mexico City and the Bloemenmarkt in Amsterdam *Food halls, featuring gourmet food to consume on- and off-premises,[3] such as those at Harrods (London) and Galeries Lafayette (Paris) department stores. In North America, these may be also referred to simply as "markets" (or "mercados" in Spanish), such as the West Side Market in Cleveland, Ponce City Market in Atlanta, and the Mercado Roma in Mexico City.
- Grey market: where second hand or recycled goods are sold (sometimes termed a green market)
- Handicraft markets
- Markets selling items used in the occult (for magic, by witches, etc.)
- Supermarkets and hypermarkets
- There are many different ways to classify markets. One way is to consider the nature of the buyer and the market's place within the distribution system. This leads to two broad classes of market, namely retail market or wholesale markets. The economist, Alfred Marshall classified markets according to time period. In this classification, there are three types of market; the very short period market where the supply of a commodity remains fixed. Perishables, such as fruit, vegetables, meat and fish fall into this group since goods must be sold within a few days and the quantity supplied is relatively inelastic. The second group is the short period market where the time in which the quantity supplied can be increased by improving the scale of production (adding labor and other inputs but not by adding capital). Many non-perishable goods fall into this category. The third category is the long-period market where the length of time can be improved by capital investment. [1] Other ways to classify markets include its trading area (local, national or international); its physical format or its produce. Major physical formats of markets are: *Bazaar: typically a covered market in the Middle East *Car boot sale - a type of market where people come together to trade household and garden goods; very popular in the United Kingdom
2009
- ↑ Marshall, A., Principles of Economics, Vol. 1. London, Macmillan, 1890; Principles of Economics, 8th ed.,1920, London, Macmillan
- ↑ Wholesale Markets: Planning and Design Manual (Fao Agricultural Services Bulletin) (No 90)
- ↑ "The 5 Best Food Halls in America", Bon Appétit magazine