open market

noun
UK: /ˌəʊ.pən ˈmɑː.kɪt/
US: /ˌoʊ.pən ˈmɑːr.kɪt/

  1. A system where prices are not fixed by the government, and anyone can buy or sell.

    1. The shop sells goods on the open market.
    2. The company decided to sell its shares on the open market to raise capital.

  2. A place or situation where anyone can freely buy or sell goods, services, or investments.

    1. Farmers sell their produce in the open market.
    2. The success of the product depends on its performance in the open market.

  3. The buying and selling of government bonds by a central bank to influence the money supply and credit conditions.

    1. The central bank uses open market operations.
    2. Through open market operations, the government regulates interest rates effectively.

Synonyms

free market
open market adjective

  1. Relating to economic activity without government restrictions, available to all participants.

    1. This is an open market economy.
    2. Open market competition encourages innovation and efficiency within industries.

Frequently Asked Questions

The word "open market" in English means: A system where prices are not fixed by the government, and anyone can buy or sell., A place or situation where anyone can freely buy or sell goods, services, or investments., The buying and selling of government bonds by a central bank to influence the money supply and credit conditions..

The phonetic transcription of "open market" is /ˌəʊ.pən ˈmɑː.kɪt/ in British English and /ˌoʊ.pən ˈmɑːr.kɪt/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "open market": free market.

Example usage of "open market": "The shop sells goods on the open market.". More examples on the page.