自じ由ゆう市し場じょう経けい済ざい

Similar words

• 計けい画かく経けい済ざい

  Planned economy, where the government controls production and prices, in contrast to a free-market economy.

• 市し場じょう経けい済ざい

  Market economy; a broader term that may include some government intervention, while 自由市場経済 emphasizes minimal regulation.

Etymology

Compound of 自由 (freedom) + 市場 (market) + 経済 (economy), a direct translation of the English term 'free-market economy'.