競きょう争そう市し場じょう

noun

competitive market

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

• 競きょう争そう市し場じょうでは、価か格かくは需じゅ要ようと供きょう給きゅうで決きまる。

  In a competitive market, prices are determined by supply and demand.