Market Place and Market Space (Meaning & Difference Between Market place and Market Space) 👍 

In this video I explain about the another Concept of marketing which is Meaning of Market Place and Market Space, by this easy explanation you can also find out's the Difference between Market Place and Market Space.
Marketplace is a physical location of buyer and seller interaction. At the marketplace, the seller and buyer meet each other individually and share information. Thereafter, negotiations take place and exchange of product or service occurs. Examples of marketplace are retail stores, outlets, supermarkets, etc. A marketplace would have a physical address and the buyers may routinely visit a marketplace to have a look around of what’s in store.
At the marketspace, the traditional marketplace transaction is eliminated. Marketspace can be defined as the information and communication technology based electronic or online exchange environment. Physical boundaries do not possess any interference for such transactions. The buyers and sellers interact and transact in a virtual environment where direct physical communication is not required. example Flipkart, amazon, myntra etc.
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This video is relevant for UGCNET & JRF, M.B.A, B.B.A, B.COM, M.COM
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