Open Market

An open market is an economic system where goods, services, and finances are traded freely between buyers and sellers without restrictive restrictions, tariffs, or monopolies imposed by the government. It promotes competition, efficiency, and innovation by allowing market forces—supply and demand—to determine prices and quantities. In such a system, businesses can enter or exit easily, and consumers have a variety of choices. Open markets are fundamental to capitalism, encouraging investment and growth while relying on voluntary transactions rather than centralized control.