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market place vs grey market

grey market vs market place

market place and grey market both are nouns.

Word NounAdjectiveVerbAdverb
market place Yes No No No
grey market Yes No No No
As nouns, grey market is a hyponym of market place; that is, grey 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
  • grey 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) grey 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 grey market

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