What is another word for self-regulating markets?
Pronunciation: [sˈɛlfɹˈɛɡjuːlˌe͡ɪtɪŋ mˈɑːkɪts] (IPA) 
Self-regulating markets are economic systems that operate without the intervention of external regulatory authorities. These systems work optimally when there is a balance between supply and demand, where the market itself regulates prices and availability of products. Synonyms for self-regulating markets include free markets, laissez-faire markets, and unregulated markets. These markets are based on the principles of capitalism and allow individuals and organizations to compete freely in the marketplace. Self-regulating markets are often seen as a desirable economic system because they encourage innovation, efficiency, and competition, which can lead to economic growth and prosperity. However, critics argue that self-regulating markets can also lead to income inequality and exploitation of workers if left entirely unchecked.
