Category: EconomyPart of speech: nounDifficulty: IntermediateRecommended for ★ UPSC

markt

/markt/Roman

English meaning: Market

Dutch Definition

(Nederlands)

Een systeem of locatie waar vraag en aanbod van goederen en diensten samenkomen.

English Definition

A place or system where goods and services are traded. The Netherlands has one of the world's most open market economies. The Dutch auction method (descending price auction, used for tulips and flowers) is a major trading innovation now used globally. Rotterdam's Port (largest in Europe) is the gateway for European goods. The Amsterdam Stock Exchange (AEX, founded 1602) was the world's first stock exchange.

Example

De Amsterdamse effectenbeurs, opgericht in 1602, was de eerste aandelenbeurs ter wereld.

In English: The Amsterdam stock exchange, founded in 1602, was the world's first stock exchange.

Synonyms

  • beurs
  • handelsvloer

Literary Heritage

De Javaan wordt mishandeld. Wie dit niet ziet is blind, of wil niet zien.

The Javanese are being mistreated. Whoever does not see this is blind, or does not wish to see.

Multatuli (Eduard Douwes Dekker) · Novelist / Essayist · 19th century

Max Havelaar

Max Havelaar, Ch. 17, on colonial economic exploitation, 1860

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Language information

Language
Nederlands
Dutch
Script
Latin
Family
Germanic
Speakers
25M
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