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English definition of “open market”

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.
(Definition of open market noun from the Cambridge Business English Dictionary © Cambridge University Press)
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