Meaning of Marketplace (What it is, Concept and Definition)

Marketplace it is a place where goods and services are traded. The word is an amalgamation of English terms market, which means "market" and place, which means "place". The market can take place in a physical (real) space or in a virtual space.

The term encompasses both street markets (where merchants set up their stalls to sell their goods. various products: meat, fish, fruits, vegetables, etc.), as well as the global market, the world of Business.

A new trend of marketplace is focused on virtual commerce (through the Internet), also called e-marketplace (letter "e" of electronic).

e-marketplace

e-marketplace, also known as virtual store, virtual commerce or e-commerce, is a virtual space where products and services are offered to consumers using the Internet.

The consumer interested in buying a product or service can consult an online catalog, place orders, financial transactions, consult the purchase process, etc.

Through e-marketplace deals can be made from:

  • Business to Business (B2B - Business to Business)
  • Businesses for Consumers (B2C - Business to Consumer)
  • Consumers for Consumers (C2C - Consumer to Consumer)
  • Companies for Government (B2G - Business to Government)
  • Government to Citizen (G2C - Government to Citizen)

see the Meaning of Digital Entrepreneurship.

Marketplace on Smartphones

On mobile devices that support the virtual store feature, marketplace it is the place where developers make applications available to users that may or may not be free.

are examples of marketplace: Android Market, Apple's iPhone App Store, Windows Mobile Marketplace, etc.

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