Nearby Words

open market

open market

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

Origin:
1760–70

o·pen-mar·ket, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Open market is always a great word to know.
So is slumgullion. Does it mean:
a stew of meat, vegetables, potatoes, etc.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
Collins
World English Dictionary
open market
 
n
a.  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
 b.  (as modifier): open-market value

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