A competitive market where buyers and sellers can operate without restrictions.
The term open market is used generally to refer to a situation close to free trade and in a more specific technical sense to interbank trade in securities.
The numerical value of open market in Chaldean Numerology is: 7
The numerical value of open market in Pythagorean Numerology is: 1
Sample Sentences & Example Usage
If wisdom were on sale in the open market, the stupid would not even ask the price.
The transformation of our distribution platform into an open market place is a major step for the group and reflects a new approach.
The reason for this is the amount of thermal coal sold on the open market is very small compared to that sold under contract. Contracts can cover multiple years, and prices may have been agreed well before the current market's lows.
Any further strengthening could make the FOMC (Federal Open Market Committee) more wary about the outlook, however, as long as overall measures of growth remain at least moderate, it should be a lesser concern among the risks the FOMC has to assess.
We need to think about how we deal with the fact that we in Europe have one of the most open economies (..) and are in competition with those that don't come from open market economies, this is not about protectionism but it is about creating fairness.
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