Advanced English Dialogue for Business – Open market

Listen to a Business English Dialogue About Open market

Kinsley: Hey Charles, do you know what an open market is in business and finance?

Charles: Hi Kinsley! Yes, an open market is where goods, services, or securities are traded freely between buyers and sellers, without any restrictions or regulations imposed by the government or other authorities.

Kinsley: Ah, got it! So it’s like a marketplace where transactions occur based on supply and demand, allowing for price discovery and efficient allocation of resources?

Charles: Exactly! It’s a key concept in economics and finance, facilitating competition and enabling participants to freely buy and sell goods or assets based on their own preferences and valuations.