A „market“ is a place where you can buy carrots and apples. But it’s now more used in the abstract; a place where all sorts of things get bought and sold. How did the word „market“ develop from its small argricultural origins to its present meaning?
The word comes from the Latin, meaning „to buy“ or „to trade“ and was first used in the English language in the 12th century. It first referred to permanent settlements which we still find in place names such as Market Drayton or Chipping Norton (chipping is the Saxon word for „to buy“). Market towns grew especially in places that were easy to get to e.g. at crossroads or river fords. By the 14th century the word was also used as a metaphor for the whole concept of buying and selling. It was soon used in the first stock markets which were located in coffee shops all over London in the 17th century.
Today, the word „market“ refers to place, people, infrastructure and systems of exchange. But you can still find the origins of the word in the title „market trader“, a term first used for the person who had a stall in the market square which is now also used for a financial manager at the stock exchange.
If you want to know more about the language of your market, feel free to talk to us.