Basic Details
Word: Market
Part of Speech: Noun
Meaning: A place where people buy and sell things, often outdoors or in a special area.
Synonyms: Bazaar, marketplace, fair
Antonyms: Store (as in a permanent retail location)
Idioms and Phrases
- Corner the market: To dominate or control a particular area of business. Example: "The new technology company is trying to corner the market in smartphone apps."
- On the market: Something that is available for sale. Example: "That old painting is now on the market for a very high price."
Usage Examples
Example 1: Every Saturday, we visit the local market to buy fresh fruits and vegetables.
Example 2: The new market in town has a variety of shops selling everything from clothes to books.
Example 3: During the summer, there are many outdoor markets where local artisans sell their crafts.
Fun Fact
The concept of markets dates back thousands of years to ancient times, where people would gather to trade goods, making them one of the oldest forms of commerce in human history.
Famous Quote
"In the middle of every difficulty lies opportunity." - Albert Einstein
Multiple Choice Questions (MCQs)
1. What does "market" mean?
a) A type of animal
b) A place where things are bought and sold
c) A kind of food
d) A kind of tree
Answer: b) A place where things are bought and sold
2. Which of these is a synonym of "market"?
a) Store
b) Bazaar
c) House
d) Library
Answer: b) Bazaar
3. Which is an antonym for "market"?
a) Marketplace
b) Fair
c) Store
d) Bazaar
Answer: c) Store
4. Which sentence uses "market" correctly?
a) The cat played with the market.
b) The children went to the market to buy ice cream.
c) The market swam in the pool.
d) The market is a colour red.
Answer: b) The children went to the market to buy ice cream.
5. What does it mean to "corner the market"?
a) To lose money
b) To dominate a business area
c) To visit many markets
d) To run a fair
Answer: b) To dominate a business area
