競きょう争そう市し場じょう

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Meanings

1

noun

competitive market

Economic term for a market with many buyers and sellers where no single participant can control prices.

emulate, compete with, bid

争contend, dispute, argue

市market, city, town

場location, place

独どく占せん市し場じょう
独占市場 is a monopolistic market where one seller dominates, while 競争市場 has many competitors.
自じ由ゆう市し場じょう
自由市場 emphasizes minimal government intervention, whereas 競争市場 focuses on the level of competition among firms.

Compound of 競争 (competition) and 市場 (market).