from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A freely competitive market operating without restrictions.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A competitive market where buyers and sellers can operate without restrictions.
Sorry, no etymologies found.
Of course the government compensated the graziers, though at lower figures than the open market would have given.
STC price increases had to be approved by the Prices Commission, under the Ministry of Finance; its prices were thus considerably below open market prices.