What is another word for market discipline?
Pronunciation: [mˈɑːkɪt dˈɪsɪplˌɪn] (IPA) 
Market discipline is a term used to describe the mechanism by which the market forces participants to act in a way that aligns with the expectations and needs of their customers. Synonyms for this term include market accountability, market efficiency, market forces, market self-regulation, and market competition. Market efficiency is a measure of how well prices reflect available information while market forces are the factors that drive the behavior of market participants. Market self-regulation occurs when businesses take it upon themselves to regulate their conduct in response to market pressures. Finally, market competition refers to the rivalry among businesses for customers and resources, which drives innovation, quality, and efficiency.
