bazaar vs market place

bazaar and market place both are nouns.

Word	Noun	Adjective	Verb	Adverb
bazaar	Yes	No	No	No
market place	Yes	No	No	No

As nouns, market place is a hypernym of bazaar; that is, market place is a word with a broader meaning than bazaar:

bazaar: a street of small shops (especially in Orient)
market place: an area in a town where a public mercantile establishment is set up

Other hypernyms of bazaar include market, marketplace, mart.

bazaar (noun)	market place (noun)
a sale of miscellany; often for charity	the world of commercial activity where goods and services are bought and sold
a shop where a variety of goods are sold	an area in a town where a public mercantile establishment is set up
a street of small shops (especially in Orient)