zì​yóu​shì​chǎng​jīng​jì

free market economy

Senses

自由市场经济/ 自由市場經濟 zì​yóu​shì​chǎng​jīng​jì free market economy

economic system in which prices and production are determined by unrestricted competition between privately owned businesses

References

synonym 市场经济/市場經濟 自由市场经济/自由市場經濟