What is a world open market?

Question

world open markets in relation to development

Answer 1

Exchange of goods and services with global demand.  

Development is a relative term.   Anything beyond survival subsistence can be a development.  Simple economic and social societies have less use for development than more complex communities.  

One example of survival subsistence could be the Amish.  

Modern Cuba is another example of less development.  By circumstance and policy choices, an island nation survives amid complex global markets and societies.

The expectation demands less material resource to satisfy the personal and collective desires in a basic or less developed society.

Answer 2

it means you can buy stuff on the internet that you cant at your local store.

Answer 3

Open markets are those which trade across their geographic boundaries. That is, markets that allow the inflow and outflow of resources.

Answer 4

An open economy is one that trade with little or no barriers to trade, such as tariffs or quota's.  The market sets and determines the products sold and the price they are sold at (supply and demand).  This is the most efficient form of trade.  However, due to different factor endowments (natural resources) and to protect national industries the government does and can interevene to limit and protect their national industries.