Definition of open market noun from the Oxford Advanced Learner's Dictionary


open market

BrE BrE//ˌəʊpən ˈmɑːkɪt//
; NAmE NAmE//ˌoʊpən ˈmɑːrkɪt//
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a situation in which companies can trade without restrictions, and prices depend on the amount of goods and the number of people buying them to buy/sell/trade on the open market
See the Oxford Advanced American Dictionary entry: open market

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