Online marketplace in the context of "Market (place)"

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⭐ Core Definition: Online marketplace

An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a way to streamline the production process.

In an online marketplace, consumer transactions are processed by the marketplace operator and then delivered and fulfilled by the participating retailers or wholesalers. These types of websites allow users to register and sell single items to many items for a "post-selling" fee.

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Online marketplace in the context of Commerce

Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered exchange of goods, services, and other things of value—predominantly through transactional processes—at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local, regional, national or international economies. The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.

Commerce consists of trade and aids to trade (i.e. auxiliary commercial services) taking place along the entire supply chain. Trade is the exchange of goods (including raw materials, intermediate and finished goods) and services between buyers and sellers in return for an agreed-upon price at traditional (or online) marketplaces. It is categorized into domestic trade, including retail and wholesale as well as local, regional, inter-regional and international/foreign trade (encompassing import, export and entrepôt/re-export trades). The exchange of currencies (in foreign exchange markets), commodities (in commodity markets/exchanges) and securities and derivatives (in stock exchanges and financial markets) in specialized exchange markets, typically operating under the domain of finance and investment, also falls under the umbrella of trade. On the other hand, auxiliary commercial activities (aids to trade) which can facilitate trade include commercial intermediaries, banking, credit financing and related services, transportation, packaging, warehousing, communication, advertising and insurance. Their purpose is to remove hindrances related to direct personal contact, payments, savings, funding, separation of place and time, product protection and preservation, knowledge and risk.

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Online marketplace in the context of Marketplace

A marketplace, market place, or just market, 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 marketplace may be described as a souk (from Arabic), bazaar (from Persian), a fixed mercado (Spanish), 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 depends on its locality's population, culture, ambient, and geographic conditions. The term market covers many types of trading, such as market squares, market halls, food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces.

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. Middle Eastern bazaars were typically long strips with stalls on either side and a covered roof designed to protect traders and purchasers from the fierce sun. In Europe, informal, unregulated markets gradually made way for a system of formal, chartered markets from the 12th century. Throughout the medieval period, increased regulation of marketplace practices, especially weights and measures, gave consumers confidence in the quality of market goods and the fairness of prices. Around the globe, markets have evolved in different ways depending on local ambient conditions, especially weather, tradition, and culture. In the Middle East, markets tend to be covered, to protect traders and shoppers from the sun. In milder climates, markets are often open air. In Asia, a system of morning markets trading in fresh produce and night markets trading in non-perishables is common.

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Online marketplace in the context of Coworker (company)

Coworker is an online marketplace and access solution for discovering and booking coworking spaces and flexible offices around the world. It was founded in 2015 by Leanne Beesley and current president Sam Marks. The company has offices in the United States, Canada, Spain, and Thailand, with its registration in the United States. By 2021, the company recorded 18,500 coworking spaces in 172 countries in its network.

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Online marketplace in the context of Trade exchange

An association of businesses formed for the purpose of trading with one another, using mutual credit to keep account. Typically the lead business will run the exchange, performing a brokering services and providing (or renting) an online marketplace for members to meet their reciprocal needs and register their transactions. Also known as business barter

Thousands of trade exchanges exist, some independent and some belonging to regional or global networks. The two most prominent associations for Trade Exchanges are IRTA (International Reciprocal Trade Association) and NATE (National Association of Independent Trade Exchanges).

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Online marketplace in the context of Two-sided market

A two-sided market, also known as a two-sided network or two-sided platform, is an intermediary economic platform that connects two distinct user groups and creates value by enabling interactions between them. Each group provides the other with network benefits, making the platform more valuable as participation grows.

An organization that generates value primarily by facilitating direct interactions between two or more distinct types of customers is referred to as a multi-sided platform. Examples include credit card networks that link consumers and merchants, online marketplaces such as eBay that connect buyers and sellers, and digital platforms like Google or Facebook that connect users with advertisers.

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Online marketplace in the context of Homestay

Homestay (also home stay and home-stay) is a form of hospitality and lodging whereby visitors share a residence with a local of the area (host) to which they are traveling. The length of stay can vary from one night to over a year and can be provided for free (gift economy), in exchange for monetary compensation, in exchange for a stay at the guest's property either simultaneously or at another time (home exchange), or in exchange for housekeeping or work on the host's property (barter economy). Homestays are examples of collaborative consumption and the sharing economy. Homestays are used by travelers; students who study abroad or participate in student exchange programs; and au pairs, who provide child care assistance and light household duties. They can be arranged via certain social networking services, online marketplaces, or academic institutions. Social networking services where hosts offer homestays for free are called hospitality exchange services.

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