free market(redirected from Free and Open Market)
Also found in: Financial.
An economic market in which supply and demand are not regulated or are regulated with only minor restrictions.
a. an economic system that allows supply and demand to regulate prices, wages, etc, rather than government policy
b. (as modifier): a free-market economy.
an economic market regulated by the forces of supply and demand.
Trade which flows freely between countries without barriers such as tariffs and quotas.