free markets and open guilds; deregulated trade policy
Historical term referring to Oda Nobunaga's policy of abolishing guild monopolies and establishing free markets, particularly during the Azuchi-Momoyama period (1573–1598).
Oda Nobunaga implemented free markets and open guilds, promoting the liberalization of commerce.
Free markets and open guilds was one of the important economic policies of the Azuchi-Momoyama period.