Longman Dictionary of Contemporary English homepage

open market

 noun
     
open market
1

on the open market

goods that are bought and sold on the open market are sold publicly rather than privately:
The painting would fetch millions of dollars if it was sold on the open market.
2 [countable usually singular] a system which makes it easy to buy and sell goods with other countries, because there are few restrictions:
There is now an open market within the European Community.
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

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