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market place vs gray market

gray market vs market place

market place and gray market both are nouns.

Word NounAdjectiveVerbAdverb
market place Yes No No No
gray market Yes No No No
As nouns, gray market is a hyponym of market place; that is, gray market is a word with a more specific, narrower meaning than market place:
  • market place: the world of commercial activity where goods and services are bought and sold
  • gray market: an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
market place (noun) gray market (noun)
the world of commercial activity where goods and services are bought and sold an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency
an area in a town where a public mercantile establishment is set up
Difference between market place and gray market

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