[1] : The Collaborative International Dictionary of English v.0.48

market \mar"ket\, n. akin to d. markt, ohg. mark=at,
   merk=at, g. markt; all fr.l. mercatus trade, market place,
   fr. mercari, p. p. mercatus, to trade, traffic, merx, mercis,
   ware, merchandise, prob. akin to merere to deserve, gain,
   acquire: cf. f. march'e. see merit, and cf. merchant,
   mart.
   1. a meeting together of people, at a stated time and place,
      for the purpose of buying and selling as cattle,
      provisions, wares, etc. by private purchase and sale, and
      not by auction; as, a market is held in the town every
      week; a farmers' market.
      1913 webster

            he is wit's peddler; and retails his wares
            at wakes, and wassails, meetings, markets, fairs.
                                                  --shak.
      1913 webster

            three women and a goose make a market. --old saying.
      1913 webster

   2. a public place as an open space in a town or a large
      building, where a market is held; a market place or market
      house; esp., a place where provisions are sold.
      1913 webster

            there is at jerusalem by the sheep market a pool.
                                                  --john v. 2.
      1913 webster

   3. an opportunity for selling or buying anything; demand, as
      shown by price offered or obtainable; as, to find a market
      for one's wares; there is no market for woolen cloths in
      that region; india is a market for english goods; there
      are none for sale on the market; the best price on the
      market.
      1913 webster +pjc

            there is a third thing to be considered: how a
            market can be created for produce, or how production
            can be limited to the capacities of the market. --j.
                                                  s. mill.
      1913 webster

   4. exchange, or purchase and sale; traffic; as, a dull
      market; a slow market.
      1913 webster

   5. the price for which a thing is sold in a market; market
      price. hence: value; worth.
      1913 webster

            what is a man
            if his chief good and market of his time
            be but to sleep and feed?             --shak.
      1913 webster

   6. eng. law the privelege granted to a town of having a
      public market.
      1913 webster

   7. a specified group of potential buyers, or a region in
      which goods may be sold; a town, region, or country, where
      the demand exists; as, the under-30 market; the new jersey
      market.
      pjc

   note: market is often used adjectively, or in forming
         compounds of obvious meaning; as, market basket, market
         day, market folk, market house, marketman, market
         place, market price, market rate, market wagon, market
         woman, and the like.
         1913 webster

   market beater, a swaggering bully; a noisy braggart. obs.
      --chaucer.

   market bell, a bell rung to give notice that buying and
      selling in a market may begin. eng. --shak.

   market cross, a cross set up where a market is held.
      --shak.

   market garden, a garden in which vegetables are raised for
      market.

   market gardening, the raising of vegetables for market.

   market place, an open square or place in a town where
      markets or public sales are held.

   market town, a town that has the privilege of a stated
      public market.
      1913 webster
see also:
merit merchant mart market beater market bell market cross 
market garden market gardening market place market town 

[2] : WordNet (r) 2.0

market town
     n : a usually small town where a public market is held at
         stated times

Common Market >> C Words
Common Market, definition of term: Common Market
common+market_pag1.html

Flea Market >> F Words
Flea Market, definition of term: Flea Market
flea+market_pag1.html

Ghost Town >> G Words
Ghost Town, definition of term: Ghost Town
ghost+town_pag1.html

Charles Town >> C Words
Charles Town, definition of term: Charles Town
charles+town_pag1.html

Cape Town >> C Words
Cape Town, definition of term: Cape Town
cape+town_pag1.html

Black Market >> B Words
Black Market, definition of term: Black Market
black+market_pag1.html

Boom Town >> B Words
Boom Town, definition of term: Boom Town
boom+town_pag1.html

Bull Market >> B Words
Bull Market, definition of term: Bull Market
bull+market_pag1.html

Bear Market >> B Words
Bear Market, definition of term: Bear Market
bear+market_pag1.html