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English definition of “open market”

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open market

noun [S]
 
 
ECONOMICS
an economic system where there are no rules about how much of something people can buy and sell: The EU is meant to be an open market, with no restrictions on purchases and sales within its borders.
FINANCE a situation in which a country's central bank buys and sells in a financial market to increase or reduce the money supply (= the amount of money in an economy): When a central bank conducts open market operations, conditions in the financial sector could be affected.
Translations of “open market”
in Chinese (Traditional) 公開市場, 自由市場…
in Chinese (Simplified) 公开市场, 利伯维尔场…
(Definition of open market from the Cambridge Business English Dictionary © Cambridge University Press)
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