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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 on most days; others may be held once a week, or on less frequent specified days.
- 1 Etymology
- 2 History
- 3 Types of markets
- 4 Around the world
- 4.1 Africa
- 4.2 Australasia
- 4.3 Asia: South and East
- 4.4 Australia
- 4.5 Europe
- 4.6 Latin America
- 4.7 Middle East
- 4.8 United States and Canada
- 5 See also
- 6 References
- 7 External links
The term, 'market' comes from the Latin 'mercatus' (market place). The earliest recorded use of the term, 'market' in English is in the Anglo-Saxon Chronicle of 963, a work that was created during the reign of Alfred the Great (r. 871-899) and subsequently distributed, copied throughout English monasteries. The exact phrase was “Ic wille þæt markete beo in þe selue tun,” which roughly translates as “I want to be at that market in the good town.” 
Markets have existed since ancient times.  Open air, public markets were known in ancient Babylonia, Assyria and Egypt. These markets were typically situated in the town's centre where they were surrounded by alleyways occupied by skilled artisans, such as metal-workers and leather workers. These artisans may have sold wares directly from their premises, but also prepared goods for sale on market days.  In ancient Greece markets operated within the agora (open space), and in ancient Rome the forum.
In the Graeco-Roman world, the central market primarily served the local peasantry. In ancient Greece markets operated within the agora, an open space where, on market days, goods were displayed on mats or temporary stalls. In ancient Rome, trade took place in the forum. Rome had two forums; the Forum Romanum and Trajan's Forum. The latter was a vast expanse, comprising multiple buildings with shops on four levels. The Roman forum was arguably the earliest example of a permanent retail shopfront.  In antiquity, exchange involved direct selling via merchants or peddlers and bartering systems were commonplace.
The market stall holders were primarily local primary producers who sold small surpluses from their individual farming activities and also artisans who sold leather-goods, metal-ware and pottery. Consumers were also farmers who purchased minor farm equipment and a few luxuries for their homes and urban dwellers who purchased basic necessities. Major producers such as the great estates were sufficiently attractive for merchants to call directly at their farm-gates, obviating the producers' need to attend local markets. The very wealthy landowners managed their own distribution, which may have involved exporting. The nature of export markets in antiquity is well documented in ancient sources and archaeological case studies. 
At Pompeii multiple markets served the population of approximately 12,000. Produce markets were located in the vicinity of the Forum, while livestock markets were situated on the city's perimeter, near the amphitheatre. A long narrow building at the north-west corner of the Forum was some type of market, possibly a cereal market. On the opposite corner stood the macellum, thought to have been a meat and fish market. Market stall-holders paid a market tax for the right to trade on market days. Some archaeological evidence suggests that markets and street vendors were controlled by local government. A graffito on the outside of a large shop documents a seven-day cycle of markets; "Saturn’s day at Pompeii and Nuceria, Sun’s day at Atella and Nola, Moon’s day at Cumae ... etc." The presence of an official commercial calendar suggests something of the market's importance to community life and trade.  Markets were also important centres of social life. 
In early Western Europe, markets developed close to monasteries, castles or royal residences. Priories and aristocratic manorial households created considerable demand for goods and services - both luxuries and necessities. These centres of trade attracted sellers and would stimulate the growth of the town. A charter would protect trading privileges in return for an annual fee. From the 11th and 12th century, the number of markets and fairs burgeoned. Fairs, which were usually held annually, traded in high value goods while regular weekly or bi-weekly markets primarily traded in necessities.  As the number of markets increased, market towns situated themselves sufficiently far apart so as to avoid competition, but close enough to permit local producers a round trip within one day (about 10 Km). 
Braudel and Reynold have made a systematic study of these European market towns between the thirteenth and fifteenth century. Their investigation shows that in regional districts markets were held once or twice a week while daily markets were common in larger cities. Gradually over time, permanent shops that opened daily began to supplant the periodic markets and peddlers or itinerant sellers filled in the gaps in distribution. The physical market was characterised by transactional exchange. Shops had higher overhead costs, but were able to offer regular trading hours and a relationship with customers. The economy was characterised by local trading in which goods were traded across relatively short distances. Braudel reports that, in 1600, grain moved just 5-10 miles; cattle 40-70 miles; wool and wollen cloth 20-40 miles. However, following the European age of discovery, goods were imported from afar - calico cloth from India, porcelain, silk and tea from China, spices from India and South-East Asia and tobacco, sugar, rum and coffee from the New World. 
English market towns were regulated from a relatively early period by a system of charters. The English monarchs awarded a charter to local Lords to create markets and fairs for a town or village. This charter would grant the lords the right to take tolls and also afford some protection from rival markets. For example, once a chartered market was granted for specific market days, a nearby rival market could not open on the same days.  Across the boroughs of England, a network of chartered markets sprang up between the 12th and 16th centuries, giving consumers reasonable choice in the markets they preferred to patronise.  However, as the number of charters granted increased, competition between market towns also increased. In response to competitive pressures, towns invested in a reputation for quality produce, efficient market regulation and good amenities for visitors such as covered accommodation. By the thirteenth century, counties with important textile industries were investing in purpose built halls for the sale of cloth. A study on the purchasing habits of the monks and other individuals in medieval England, suggests that consumers of the period were relatively discerning. Purchase decisions were based on purchase criteria such as consumers' perceptions of the range, quality, and price of goods. This informed decisions about where to make their purchases. 
A sixteenth century commentator, John Leland, described particular markets as “celebrate,” “very good and quik,” and, conversely, as “poore,” “meane,” and “of no price." Gradually, over time, some products became associated with particular places, providing customers with valuable information about the types of goods, their quality and their region of origin. In this way, markets helped to provide an early form of product branding.  Gradually, individual market towns earned a reputation for providing quality produce. Today, traders and showmen jealously guard the reputation of these historic chartered markets. A 18th century commentator, Daniel Defoe visited Sturbridge fair in 1723 and wrote a lengthy description which paints a picture of a highly organised, vibrant operation which attracted large number of visitors from some distance away. "As for the people in the fair, they all universally eat, drink and sleep in their booths, and tents; and the said booths are so intermingled with taverns, coffee-houses, drinking-houses, eating-houses, cookshops &c, and all tents too, and so many butchers and higglers from all the neighbouring counties come in to the fair every morning, with beef, mutton, fowls, bread, cheese, eggs and such things; and go with them from tent to tent and from door to door, that there is no provision of any kind, either dress'd or undress'd." 
The Grand Bazaar in Istanbul is often cited as the world's oldest continuously-operating, purpose-built market; its construction began in 1455. In the 15th century the Mexica (Aztec) market of Tlatelolco was the largest in all the Americas. However, some British open-air markets have been operating continuously since the 12th century.
Types of markets
Markets may be retail or wholesale markets.
Major physical formats of markets are:
- Indoor market of any sort
- Marketplace, an open space where a market is or was formerly held in a town
- Market square, in Europe, 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, with stalls along one or more public streets
- Floating markets, where goods are sold from boats, chiefly found in Thailand, Indonesia and Vietnam
- Night markets, 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 markets, in Greater China, where traditionally live animals were sold; in Indonesia and Malaysia, pasar pagi is a type of wet market.
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, 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.
- Handicraft markets
- Markets selling items used in the occult (for magic, by witches, etc.)
Wet market in Singapore
Around the world
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The Queen Victoria Market, Melbourne's central market, opened in 1878. Markets had been operating on the same site prior to the official opening of the "Queen Vic." The Queen Victoria Market site has been listed as an historic place by Heritage Victoria and a number of its buildings are listed as notable buildings on the Historic Building Register of Victoria. The site is currently undergoing a site renewal project. It is a Melbourne landmark, popular with both locals and visitors.
Sydney boasts a number of popular markets. The Rocks market, situated in the Rocks district, near the Sydney Opera House, focuses on crafts, jewellery and leather goods and operates at weekends. Paddy's Market, near Chinatown, is the produce market and operates Wednesday through to Sunday. Haymarket is one of the main produce markets and is located in Flemington. The Sydney Fish Market, in Pyrmont opens from 7am Wednesday through Saturday. Paddington Markets on Oxford Street sells a range of goods from fresh produce through to clothing.
Asia: South and East
Markets are popular with both locals and visitors. Bangkok boast the world's largest weekend market in Chatuchak. Floating markets are also typical in Bangkok. Vendors not only sell fresh produce from barges, but will also cook meals and snacks on board their vessels.
- See: markets in Hong Kong
Street markets in Hong Kong are held every day except on a few traditional Chinese holidays like Chinese New Year. Stalls opened at two sides of a street are required to have licenses issued by the Hong Kong Government. The various types of street markets include fresh foods, clothing, cooked foods, flowers and electronics. The earliest form of market was a Gaa si (wet market). Some traditional markets have been replaced by shopping centres, markets in municipal service buildings and supermarkets, while others have become tourist attractions such as Tung Choi Street and Apliu Street.
There are many markets in India many are small,many are big and some are malls.Where is a mall in the city there is only people and people small markets have low prices and in malls there are very high prices for only small things.There are many people that shop only online,just the sit in their house and the product is delivered to you.So you can prefer small markets in India for lower prices.
Indonesia and Malaysia
Street markets in Greece are called laikes agores (λαϊκές αγορές) in plural, or λαϊκή αγορά (laiki agora) in singular, meaning "people's market". They are very common all over Greece, including the capital, Athens, and its suburbs. Regular (weekly) morning markets sell mostly fresh produce from farming cooperatives – fruit, vegetables, fish and flowers/plants. Some household items and prepared foods are often available.
Annual street markets (panigyri(a)) occur around churches on the day of their patron saint. These take place in the evenings and have a more festive character, often involving attractions and food stalls. The goods sold range from clothing and accessories to household items, furniture, toys and trinkets. Athens also has several bazaars/enclosed markets.
- La Boqueria, Barcelona
- Mercat del Born, Barcelona
- Mercat or Mercado Central, a public market in Valencia
Traders can be licensed to trade on a single pitch but not at a national level or when trading on private land. This has led to declining confidence in the reputation of markets. A voluntary scheme has been set up by The Market People, backed by the National Association of British Market Authorities (NABMA) to address this. It provides consumers with traceability of traders and goods as well as the ability to rate and contact the traders. A MarketPASS is issued to an operator or Trader once they have provided proof of identity, insurance and, where required, a hygiene certificate.
England's chartered markets and fairs
English markets were regulated from a relatively early period. The English monarchs awarded a charter to local lords to create markets and fairs for a town or village. This charter would grant the lords the right to take tolls and also afford some protection from rival markets. For example, once a chartered market was granted for specific market days, a nearby rival market could not open on the same days. Across the boroughs of England, a network of chartered markets sprang up between the 12th and 16th centuries, giving consumers reasonable choice in the markets they preferred to patronise. Today, traders and showmen jealously guard these historic charters.
- See: markets in London
Some examples of street markets include Berwick Street Market, Broadway Market, Camden Market, East Street Market, Petticoat Lane and Portobello Road Market. The most popular for food is Borough Market which sell most fresh produce as well as having a bakery.
In Serbo-Croatian, a farmer's market is formally known as tržnica, and colloquially as pijaca, plac or pazar depending on region and dialect. The markets in large cities are open daily, including Sunday, from around 5 or 6 AM to mid-afternoon. Well-known examples are Dolac in Zagreb and Kalenić in Belgrade. In smaller towns there is often a market that opens once a week, on a specific day known as pazarni dan.
Wholesale fashion marketplace in France, principal locations: Paris 75011 and Aubervilliers 93001. 99% of owner are Chinese of around 2000 wholesale company. Product sell in this marketplace: clothing, shoes, accessories, jewelry. Import product from China, Vietnam, Turkey, Bangladesh, India. Export product to all countries of Europe.
- Mercado Municipal – São Paulo, São Paulo
- Liberdade street market – São Paulo, São Paulo
- Mercado Público – Porto Alegre, Rio Grande do Sul
- Mercado Municipal – Uberlândia, Minas Gerais
- Mercado Modelo – Salvador, Bahia
- Mercado Jamaica, Mexico City, a traditional market in Mexico City
- Mercado de Sonora, a traditional market in Mexico City
- San Juan de Dios Market in Guadalajara
Street markets are called pazar in Turkish and usually named after the name of the day since they are only installed at around 05:00 on that specific day and ended on same day around 18:00, in every week. Every district in Turkey has its own open market where people can choose and buy from a very wide range of products, from fresh fruits and vegetables to clothing, from traditional white cheese (which some people may consider feta-like) to household items. In Istanbul area Wednesday Pazar of Fatih district, Tuesday Pazar of Kadıköy and Friday Pazar of Ortaköy are the most famous and crowded open markets of the city.
A market with shops or permanent stalls is called "çarşı" and may include covered streets that are closed at night. Famous examples include the Kapalıçarşı (Grand Bazaar) and Spice Bazaar in Istanbul.
United States and Canada
- ByWard Market – Ottawa, Ontario
- The Forks Market – Winnipeg, Manitoba
- Open Air Market Inc. - Weyburn, Saskatchewan
- Granville Island – Vancouver, British Columbia
- Kensington Market – Toronto, Ontario
- Lonsdale Quay – North Vancouver, British Columbia
- St. Lawrence Market – Toronto, Ontario
- Westminster Quay – New Westminster, British Columbia
- Main Street Markham Farmers’ Market (Seasonal) – Markham, Ontario
- Kitchener Farmer's Market – Kitchener, Ontario
- St. Jacobs Farmers' Market – St. Jacobs, Ontario
Historic markets that have been converted to other uses include:
- St. Patrick's Market, Toronto – retail building
- St. Andrew's Market, Toronto – demolished 1937 and site of water works and park
Public markets in the United States
In the United States, the term public market is often used for a place where vendors or merchants meet at the same location on a regular basis. A public market has a sponsoring entity that has legal and financial responsibility to oversee operations and, sometimes, provides facilities to house the market activity. Public markets may incorporate the traditional market activity – the sale of fresh food from open stalls – and may also offer a wide range of different products. Public markets may incorporate elements of specialized markets such as farmers markets, craft markets, and antique markets. Traditionally public markets in the US were owned and operated by city governments, but this is no longer the case.
- have public goals, a defined civic purpose. Typically, these goals include: attracting shoppers to a central business district, providing affordable retailing opportunities to small businesses, preserving farming in the region, and activating or repurposing public space
- are located in and/or create a public space in the community, where a wide range of people mix, and are, or aim to be, a heart of the community
- are made up of locally owned, independent businesses operated by their owners, not franchises. This gives public markets a local flavor and unique experience.
List of public markets in the United States
- Alemany Farmers' Market – San Francisco, California
- Boston Public Market – Boston, Massachusetts
- Broad Street Market – Harrisburg, Pennsylvania
- Brooklyn Flea – Brooklyn, New York
- Chattanooga Market (2001–present) – Chattanooga, Tennessee
- City Market (Charleston, South Carolina)
- City Market (Petersburg, Virginia) – Petersburg, Virginia. Built in 1878–79 and listed on the National Register of Historic Places
- Crescent City Farmers Market – New Orleans, Louisiana
- Cross Street Market – Baltimore, Maryland
- Dallas Farmers Market – Dallas, Texas
- Eastern Market – Detroit, Michigan
- Eastern Market – Washington, D.C.
- Ferry Plaza Farmers Market & Ferry Building Marketplace – San Francisco, California
- Findlay Market (1855–present)– Cincinnati, Ohio
- French Market – New Orleans, Louisiana
- Grand Central Market – Los Angeles, California
- Grand Central Market – New York, New York
- Haymarket – Boston, Massachusetts
- Hollins Market – Baltimore, Maryland
- Italian Market, Philadelphia – Philadelphia, PA
- James Beard Public Market (future) – Portland, Oregon
- La Marqueta – New York, New York
- Lancaster Central Market – Lancaster, Pennsylvania
- Lexington Market (1782–present) – Baltimore, Maryland
- Los Angeles Farmers Market – Los Angeles, California
- Maxwell Street Market – Chicago, Illinois
- Midtown Global Market – Minneapolis, Minnesota
- Milwaukee Public Market (2005–present) – Milwaukee, Wisconsin
- North Market – Columbus, Ohio
- Olvera Street – Los Angeles, California
- Pike Place Market (1907–present) – Seattle, Washington
- Ponce City Market – Atlanta, Georgia
- Portland Public Market (1933–1942) – Portland, Oregon
- Portland Saturday Market (1974–present) – Portland, Oregon
- Reading Terminal Market (1893–present) – Philadelphia, Pennsylvania
- PNC Second Street Market – Dayton, Ohio
- Soulard Market – St. Louis, Missouri
- Sweet Auburn Curb Market (1918–present) – Atlanta, Georgia
- Union Market – Washington, D.C.
- Union Square Greenmarket – New York, New York
- West Side Market – Cleveland, Ohio
- Yellow Green Farmers Market (2010–present) — Hollywood, Florida
- Artisanal food
- Licensed victualler
- Souk or souq
- Street vendor
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