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Marketplace Glossary

Europeans sharply divided peoples into two broad groups - the European West and sellbitz 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.

The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term market covers many types of trading, as market squares, market halls and food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces. Produce markets in Asia are undergoing major changes as supermarkets enter the retail scene and the growing middle classes acquire preferences for branded goods. Many supermarkets purchase directly from producers, supplanting the traditional role of both wholesale and retail markets. In order to survive, produce markets have been forced to consider value adding opportunities and many retail markets now focus on ready-to-eat food and take-away food.

For instance, the market at Yong, the capital of the Qi state, measured 3,000 square metres and was an outdoor market. During the Middle Ages, 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 and may have offered added value services, such as credit terms to reliable customers. The economy was primarily characterised by local trading in which goods were traded across relatively short distances.

Islamic architecture also became favourite subject matter, and the high vaulted market places features in numerous paintings and sketches. According to the Rites of Zhou, markets were highly organized and served different groups at different times of day; merchants at the morning market, every day people at the afternoon market and peddlers at the evening market. The marketplace also became the place were executions were carried out, rewards were published and decrees were read out.

Although the majority of markets in South Korea are wholesale markets, retail customers are permitted to make purchases in all of them. The Gwangjang Market is the nation's top market and is a popular tourist destination. Namibia has been almost entirely dependent on South Africa for its fresh produce. Dominated by rolling plains and long sand dunes and an unpredictable rainfall, many parts of Namibia are unsuited to growing fruit and vegetables. It is anticipated that these hubs will assist in curbing the number of sellers who take their produce to South Africa where it is placed on cold storage, only to be imported back into the country at a later date. According to tradition, the first market was established by the legendary Shennongan or the “Divine Farmer” who arranged for markets to be held at midday.

In Spain, two types of retail market can be identified; permanent markets and periodic markets. Permanent markets are typically housed in a building dedicated to the use of stallholders and vendors. Vendors at periodic markets typically erect tents or canvas awnings to provide some type of temporary cover for themselves and shoppers. marketplace Produce markets, farmers' markets and flea markets are all commonplace. In addition, street vendors are a relatively common sight across most parts of Spain. Street vendors roam around in search of a suitable venue such as a plaza, entrance to a railway station or beach front where they lay their goods out on mats.

In the late 1970s, the Ghanaian government used market traders as a scapegoat for its own policy failures which involved food shortages and high inflation. The government blamed traders for failing to observe pricing guidelines and vilified "women merchants". In 1979, the Makola market was dynamited and bulldozed, but within a week the traders were back selling fruit, vegetables and fish, albeit without a roof over their head. The sale of agricultural produce to the formal market is largely controlled by large corporations. Most small, local farmers sell their produce to the informal market, local communities and street vendors. The main wholesale market is the Horticultural market in Gaborone.