Meaning of “open market” in the English Dictionary

"open market" in American English

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open marketnoun [ C/U ]

us /ˈoʊ·pən ˈmɑr·kɪt/

a trading situation in which anyone can be involved and prices are not controlled:

New apartments will be built and sold on the open market to those who can afford them.

(Definition of “open market” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"open market" in Business English

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open marketnoun [ S ]

uk us 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):

(Definition of “open market” from the Cambridge Business English Dictionary © Cambridge University Press)

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