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Marketplace Glossary In the gentrified market, the focus is on specialty produce, notably organic foods, hyper-local produce, artisanal products, vintage clothing or designer brands. Whereas traditional markets are in decline, gentrified markets represent a major growth sellbitz opportunity. The majority of retail markets are operated by the public sector and administered by local governments. Traders can be licensed to trade on a single pitch but not at a national level or when trading on private land. Southeast Asia is noted for its night markets, floating markets and pirate markets (markets that specialise in selling "knock off" copies of designer brands). Some Asian countries have developed unique distribution systems and highly specialised types of market place. Throughout Asia, a wet market refers to a place where fruit, vegetables, fish, seafood and meat products are sold. In antiquity, markets were typically situated in the town's centre. The market was surrou