Longman Dictionary of Contemporary English homepage

Topic: TRADE

Date: 1100-1200
Language: Old North French
Origin: Latin mercatus 'buying and selling, marketplace', from mercari 'to buy and sell', from merx 'things to sell'

market

1 noun
     
mar‧ket1 S1 W1
1

place to buy things

[countable]
a) a time when people buy and sell goods, food etc, or the place, usually outside or in a large building, where this happens:
I usually buy all my vegetables at the market.
fish/fruit and vegetable/flower etc market
There's a good antiques market here on Sundays.
street market (=with a lot of different people selling things from tables, stalls etc in the street)
b) American English a shop that sells food and things for the home [= grocery store]
2

the market

a) BFS the stock market:
Most analysts are forecasting a further downturn in the market.
As soon as she graduated from college, she started to play the market (=risk money on the stock market).
The markets (=all the stock markets in the world) are better prepared for a weakening economy than they were ten years ago.
b) BBT the total amount of trade in a particular kind of goods:
Honda is trying to increase its market share.
the state of the art market
the housing/property etc market
Investors in the property market are worried about rising inflation.
the market in
the world market in aluminum
bear market, bull market
c) BBT the system in which all prices and wages depend on what goods people want to buy, how many they buy etc:
The president believes prices should be determined by the market, not the government.
free market
3

on the market

BBT available for people to buy:
The manufacturers say the device will be on the market by May.
Handguns are freely available on the open market (=for anyone to buy).
They knew it wasn't a good time to sell their house, but they still put it on the market (=offered it for sale).
a revolutionary new drug that has just come onto the market
! Do not say 'in the market'. Say on the market.
4

country/area

[countable]BBT a particular country or area where a company sells its goods or where a particular type of goods is sold:
Our main overseas market is Japan.
international/home/UK etc market
The domestic market makes up about 75% of their sales.
market for
The world's largest market for illegal drugs is the US.
5

people who buy

[singular]BBT the number of people who want to buy something, or the type of people who want to buy it
market for
The market for specialist academic books is pretty small.
Is there a market for his invention?
6

be in the market for something

to be interested in buying something:
This is a bad time to be in the market for a new car.
7

the job/labour market

BE the people looking for work, and the number of jobs that are available:
The job market has been badly hit by the recession.
8

a buyer's/seller's market

a time that is better for buyers because prices are low, or better for sellers because prices are high:
I'll look for a house next year when it's more of a buyer's market.

➔ corner the market

at corner2 (3)

➔ price yourself out of the market

at price2 (4)
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