open-market

open market

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

Origin:
1760–70

open-market, adjective
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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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