market place is a noun meaning "an area in a town where a public mercantile establishment is set up". It carries 2 recorded senses.
an area in a town where a public mercantile establishment is set up
the world of commercial activity where goods and services are bought and sold
“without competition there would be no market”
“they were driven from the marketplace”
Definitions, synonyms and semantic relations for market place come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.