The marketplace is the essence of which of the following?

Market place is the essence of "Buyers and Sellers" of the products that are available in the market.

Explanation:

Consumers/buyers are the persons that need something, but they cannot prepare it by themselves, and there are some people who produce some products or goods and want to sell the to earn some money.

To facilitate these both two, Market place is the place where people can buy or sell their products.