market place vs bazar

market place and bazar both are nouns.

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

As nouns, bazar is a hyponym of market place; that is, bazar 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
bazar: a street of small shops (especially in Orient)

market place (noun)	bazar (noun)
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)