Market space vs. Marketplace

Author Topic: Market space vs. Marketplace  (Read 633 times)

Offline Jeta Majumder

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Market space vs. Marketplace
« on: March 30, 2014, 02:01:05 PM »
A Market space is an online space that facilitates bi-directional commerce. Here not only sellers can list their goods, but buyers can list their needs. The role of the Market space is to match buyers and sellers whose contexts have sufficient similarity - if the product being offered and being requested has a high degree of match and the buyer and seller can come to agreement on price, location and timing, then a successful match can be made that will culminate in a transaction. Examples of this is
Online Marketplaces like Etsy or eBay allow vendors to display and sell products taking advantage of the traffic to the site. The marketplace owner typically takes a commission on the sale.