market place vs bazaar

market place and bazaar both are nouns.

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

As nouns, bazaar is a hyponym of market place; that is, bazaar is a word with a more specific, narrower meaning than market place:

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

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