noun
free economy; liberal economy
Refers to an economic system based on free-market principles, minimal government intervention, and private enterprise. Often contrasted with 計画経済 (planned economy).
自由主義経済では、市場の需要と供給が価格を決める。
In a free economy, market supply and demand determine prices.
彼は自由主義経済の利点について講演した。
He gave a lecture on the advantages of a liberal economy.