自じ由ゆう市し場じょう経けい済ざい

noun

free-market economy

Economic system where prices are determined by unrestricted competition between privately owned businesses.

• 自じ由ゆう市し場じょう経けい済ざいでは、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 free-market economy, prices are determined by supply and demand.