What is Market place?

Market place can be anywhere where potential buyers and suppliers can meet and their needs, wants and demand are fulfilled, it is not compulsory to be on physical grounds but it can be on internet to for example Daraz, Amazon etc where millions of buyers and suppliers meet and buying and selling take place. If we talk about the perfect example for market place it could be the place everyone can reach easily both buyers and sellers so that trade can take place between them so, it can be Sunday bazars, Vegetable markets,  Shopping malls, Stock exchange market. 5 Ps could be product, price, place, promotion and packaging. Product is basically the solution to consumers problem or need for example a person facing difficulty in washing clothes so washing machine is the product which can resolve his or her problem. Price is the cost to customer on which he can get that product or service for example a girl needs a make over for her party look so she gave 5 thousand rupees to get the services of Saloon, that 5k rupees is price on which she get those services. Place is considered how easily a product or service reachable or available for example a person wants to buy a new Samsung phone so he will look from where he can get it so can he can buy from internet store or he can visit any mobile shop to buy that which means it is easily approachable to consumer.  Promotion is considered to be how well you convey information about your product or service to consumer or in other words we can say it to be communication with customer for example a new phone is launched so promotion is being done so that people can know about its arrival in and they get to know about its specifications. Packaging is how a customer will get it in hand, basically it is the first look what a customer will see for example a person wants to buy a new dress to his partner so he is expecting to be in a good appearance and packaging so that he can gift to her