Pronunciation: /ˈoʊpən ˈmɑrkɪt/
noun a market in which prices are determined by supply and demand and are open to all buyers and sellers without restrictions
A1 An open market is a place where people can buy and sell goods.
A2 In some countries, the government regulates the open market to ensure fair competition.
B1 Investors often look for opportunities in the open market to make profitable trades.
B2 The stock exchange is an example of an open market where securities are traded.
C1 Globalization has led to the expansion of open markets and increased competition among businesses.
C2 Economists study the dynamics of open markets to understand how supply and demand affect prices.
adjective used to describe the market as being accessible to all buyers and sellers without restrictions
A1 I saw some open market stalls selling fresh fruits and vegetables.
A2 The open market prices are usually lower than those in supermarkets.
B1 She prefers to buy clothes from open market vendors rather than big retailers.
B2 The open market competition has led to better quality products at affordable prices.
C1 Government policies have helped create a more open market environment for businesses.
C2 Investors are always looking for opportunities in open market economies to maximize their profits.
formal The government decided to deregulate the industry and allow an open market for competition.
informal I love shopping at the open market on weekends for fresh produce.
slang Let's hit up the open market for some cool stuff.
figurative In order to succeed in business, you need to be able to navigate the open market of ideas and innovation.
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