Market town
Settlement granted the right to host markets / From Wikipedia, the free encyclopedia
A market town is a settlement most common in Europe that obtained by custom or royal charter, in the Middle Ages, a market right, which allowed it to host a regular market; this distinguished it from a village or city. In Britain, small rural towns with a hinterland of villages are still commonly called market towns, as sometimes reflected in their names (e.g. Downham Market, Market Rasen, or Market Drayton).
![Thumb image](http://upload.wikimedia.org/wikipedia/commons/thumb/3/3b/Wittenberg_Market_square.jpg/640px-Wittenberg_Market_square.jpg)
Modern markets are often in special halls, but this is a relatively recent development. Historically the markets were open-air, held in what is usually called (regardless of its actual shape) the market square or market place, sometimes centred on a market cross (mercat cross in Scotland). They were and are typically open one or two days a week. In the modern era, the rise of permanent retail establishments reduced the need for periodic markets.