Open market is generally used to refer to a situation close to free trade and in a more specific tech source interbank trade in securities. A physical open market is a domain where anyone wishing to trade physical things may do so free of selling charges and taxes and has collide to be regarded by many activities doers serving as the ultimate social enterprise and a major tool for handling unemployed persons. In a more general sense the term has initiated to be used in economics and political economy, in which an open market is an area where anyone can access to all economic doers. In an open market the doers enjoy an equal opportunity of getting entry into the market. That why it is different from the monopoly or you can say oligopoly which dominates an industry and not allowing the entrance of every economic actor, and protected in which the entrance is conditional. These conditions are on certain financial and legal requirements or which is subject to tariff barriers, taxes, levies or state subsidies which effectively protect or I must say prevent some economic doers from participating in them.
17 December 2014
The idea of an open market in genuine sense is usually gets criticized on the fact that participation in it is conditional having enough money, income or assets. Those persons having lacking of money or any continuous source of income or any discontinued asset than gets excluded from this domain of open market.
If the people having enough asset or I must state that a continuous asset then they can participate in some markets, their funds are inadequate to participate in other domain of market. Here comes the problem that if the market was ever opens and suggests that the openness of market is more a relative or I must say healthy concept.