noun a market in which prices are determined by supply and demand and are open to all buyers and sellers without restrictions
adjective used to describe the market as being accessible to all buyers and sellers without restrictions
In finance, an open market can refer to a market where securities are bought and sold with minimal restrictions.
In business, an open market can refer to a competitive environment where businesses can freely enter and exit the market.
In economics, an open market refers to a market where the price of goods and services are determined by supply and demand without government intervention.
In marketing, an open market can refer to a situation where multiple sellers compete for the same group of buyers.
In international trade, an open market can refer to a situation where countries engage in trade without significant barriers or restrictions.
In government policy, an open market can refer to policies that promote competition and free trade.
In the publishing industry, writers may refer to an open market as a situation where there is a high demand for manuscripts and a variety of publishing houses are actively seeking new authors and book ideas.
Psychologists may use the term 'open market' to describe a situation where there is a wide range of therapy options available to clients, allowing them to choose the approach or therapist that best suits their needs.
Financial analysts may refer to an open market as a market where securities are bought and sold freely by individuals and institutions, without any restrictions on prices or quantities.
Real estate agents may use the term 'open market' to describe a competitive market where multiple buyers are interested in a property, often leading to bidding wars and higher sale prices.