open market


noun

an unrestricted competitive market in which any buyer and seller is free to participate.

Origin of open market

First recorded in 1760–70

OTHER WORDS FROM open market

o·pen-mar·ket, adjective

British Dictionary definitions for open market

open market

noun

  1. a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area
  2. (as modifier)open-market value