The action of putting something in a particular position; a job or position found for someone.
From 'place' (from Old French 'place,' from Latin 'platea') plus the suffix '-ment,' which creates nouns from verbs. Common in modern contexts like 'job placement.'
The '-ment' suffix is incredibly productive in English—we can attach it to almost any verb to make the noun describing that action (move→movement, achieve→achievement), giving us instant abstract nouns.
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