Marketplace Marketplace 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 daily and are said to be "permanent" markets while others are held once a week or on less frequent specified days such as festival days and are said to be "periodic markets." The form that a market adopts is depends on
Grand Bazaar, Istanbul exclusively to commerce. At the beginning of the 17th century the Grand Bazaar had already achieved its final shape. The enormous extent of the Ottoman Empire in three continents, and the total control of road communications between Asia and Europe, rendered the Bazaar and the surrounding "han"s or caravanserais the hub of the Mediterranean trade. According to several European travellers, at that time, and until the first half of the 19th century, the market was unrivalled in Europe with regards to the abundance, variety and quality of the goods on sale. At that time we know from European travellers that