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
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The government decided to deregulate the industry and allow an open market for competition.
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I love shopping at the open market on weekends for fresh produce.
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Let's hit up the open market for some cool stuff.
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In order to succeed in business, you need to be able to navigate the open market of ideas and innovation.