公こう設せつ市いち場ば

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Meanings

1

noun

public market

A market established and operated by a public authority, such as a municipal government.

public, prince, official

設establishment, provision, prepare

市market, city, town

場location, place

市いち場ば
市場 (いちば) is a general market; 公設市場 specifically refers to a publicly established one.
公こう設せつ
公設 means 'publicly established' and is used in compounds like 公設市場 and 公設試験場.

Compound of 公設 (こうせつ, 'publicly established') and 市場 (いちば, 'market').