Definitions for open market
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Random House Webster's College Dictionary
o′pen mar′ket(n.)
an unrestricted competitive market in which any buyer and seller is free to participate.
Category: Commerce, Business
Origin of open market:
1760–70
Wiktionary
open market(Noun)
A competitive market where buyers and sellers can operate without restrictions.
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"open market." Definitions.net. STANDS4 LLC, 2013. Web. 20 Jun 2013. <http://www.definitions.net/definition/open market>.