自由経済
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Meanings
1
free economy; free-market economy
An economic system in which prices and production are determined by unrestricted competition between privately owned businesses, with minimal government intervention.
In a free economy, prices are determined by supply and demand.
The government should uphold the principles of a free economy.
Usage patterns
- 〈場所〉に自由経済を導入するto introduce a free-market economy to a place
That country introduced a free-market economy in the 1990s.
- 自由経済のもとでunder a free-market economy
Under a free-market economy, companies compete freely.
- 自由経済へ移行するto shift to a free-market economy
Shifting from a planned economy to a free-market economy is not easy.