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open market

noun

Simple Definition of open market

  • : an economic market in which prices are based on competition among private businesses and not controlled by a government

Source: Merriam-Webster's Learner's Dictionary

Full Definition of open market

  1. :  an economic market in which prices are based on competition among private businesses and not controlled by a government :  free market <How much is it worth on the open market?>

Word by Word Definitions

openplay
  1. :  having no enclosing or confining barrier :  accessible on all or nearly all sides

    :  being in a position or adjustment to permit passage :  not shut or locked

    :  having a barrier (as a door) so adjusted as to allow passage

  1. :  to move (as a door) from a closed position

    :  to make available for entry or passage by turning back (as a barrier) or removing (as a cover or an obstruction)

    :  to make available for or active in a regular function

  1. :  opening

    : :  open and unobstructed space: as

    :  open air

marketplay
  1. :  a meeting together of people for the purpose of trade by private purchase and sale and usually not by auction

    :  the people assembled at such a meeting

    :  a public place where a market is held

  1. :  to expose for sale in a market

    :  sell

    :  to deal in a market


Law Dictionary

open market

noun

Legal Definition of open market

  1. :  a freely competitive market in which any buyer or seller may trade and in which prices are determined by competition




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