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Marketplace Glossary

Drawing heavily on the anthropological literature, Benedicktsson argues that a distinct type of Melanesian market that is substantially different to other Asian markets, can be identified. The key characteristics of the PNG market are that it is dominated by producer-sellers, most of whom are women. Prices are set at the start of the day's trade, and rarely change. At the end of the day's trade, produce is not cleared, but rather is taken away for the seller's private consumption or is distributed among kin and close family.

The Greeks organised trade into separate zones, all located near the city centre and known as stoa. A freestanding colonnade with a covered walkway, the stoa was both a place of commerce and a public promenade, situated within or adjacent to the agora. At the market-place in Athens, officials were employed by the government to oversee weights, measures, and coinage to ensure that the people were not cheated in market place transactions. 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 3000 BCE, creating the conditions necessary for the emergence of a bazaar.

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 . The third category is the long-period market where the length of time Hút hầm cầu tại Đà Nẵng can be improved by capital investment. 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.

In other ancient sayings, markets originally developed around wells in the town or village centre. Scholars, however, question the reliability of traditional narratives unless backed by archaeological evidence. 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 and also afforded some protection to merchants and traders. These centres of trade attracted sellers which would stimulate the growth of the town. The Domesday Book of 1086 lists 50 markets in England, however, many historians believe this figure underestimates the actual number of markets in operation at the time.

In addition to produce markets, China has many specialised markets such as a silk market, clothing markets and an antiques market. In the larger cities, purchasing is gradually moving to online marketplace with door-to-door deliveries. The Rocks market, situated in the Rocks district, near the Sydney Opera House, focuses on crafts, jewellery and leather goods and operates at weekends.

With the rise of global trade in the 16th century, Antwerp became the largest market town in Europe. In China, negative attitudes towards mercantile activity developed; merchants were the lowest class of society. High officials carefully distanced themselves from merchant classes. In 627, an edict prohibited those of rank five or higher from entering markets.

Europeans sharply divided peoples into two broad groups - the European West and the East or Orient; us and the other. This fascination with the other gave rise to a genre of painting known as Orientalism. Artists focussed on the exotic beauty of the land - the markets and bazaars, caravans and snake charmers.

Wikimedia Commons has media related to List of markets in Paris. Bazaar of Isfahan in Iran - historic site which dates to Saljuqid and Safavid era and is the longest roofed market in the world. Just say “Alexa, Make Me Smart” every weekday and we’ll keep you up to speed in this fast-paced world! Become a Marketplace Investor today and join a community of donors dedicated to keeping public service journalism strong. You can shop for and enroll in affordable medical insurance online, by phone, or with in-person help from a trained assister or an agent or broker.

During the Qin empire and the Han dynasty which followed it, markets were enclosed with walls and gates and strictly separated from residential areas. Vendors were arranged according to the type of commodity offered, and markets were strictly regulated with departments responsible for security, weights and measures, price-fixing and certificates. Get the latest on what’s happening in the economy right now with three-times-a day briefings from Marketplace and Cumulus Podcast Network. A one minute take from Kai Ryssdal on the stock market news of the day, posted after the markets close.