open market

noun

Definition of open market

: 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?

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“Open market.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/open%20market. Accessed 28 January 2020.

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open market

noun

Legal Definition of open market

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

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