Definition of a marketplace
Simplistically, a marketplace is a place where buyers and sellers meet to conduct commerce. In the online setting, that definition still holds true — online marketplaces give buyers a choice in what they would like to buy and sellers a variety of people to sell to. I classify Airbnb as a search marketplace, where the guest selects where they will stay, choosing what to “purchase” in the marketplace.
In recent years, the definition of a marketplace has stretched to include on-demand models that are considered marketplaces because of the independent contractor relationship on the seller side.
8
44 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about entrepreneurship with this collection
How to align stakeholders
Best practices in product management leadership
How to create value together
Related collections
Similar ideas to Definition of a marketplace
How to find the Marketplace?
Well it’s one of the problem, Ecommerce startups usually face. Everyone is keen to earn through online selling but don’t know where & how to start. Some of them faced huge loss trying to sell online without any prior understanding of MarketPlace.
For Example : If you’re sel...
The Definition Of A Rich Person
Someone rich is someone who has the prestige and social status that comes with living a lavish lifestyle. This definition ignores the fact that some rich people have their finances in disarray and live paycheck to paycheck or in debt.
Asymmetric Information
- In 2001, George A. Akerlof, A. Michael Spence, and Joseph E. Stiglitz won the prize "for their analyses of markets with asymmetric information."
- Economic models predicated on perfect information are often misguided. In reality, one party usually has superior knowledge
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates