open market

noun

1. an unrestricted competitive market in which any buyer and seller is free to participate.

open market

noun

1. 1. a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area

   2. ( as modifier )

      open-market value

Other Word Forms

• open-market adjective

Word History and Origins

Origin of open market¹

First recorded in 1760–70