unrestricted competition
[/ˌʌnrɪˈstrɪktɪd kəmˌpɛtɪʃən/]
nounpl: unrestricted competitions
competição irrestrita
1. Economic or commercial competition without limitations, barriers, or regulatory constraints; free market competition where businesses compete openly without government intervention or monopolistic practices
The company thrives in unrestricted competition because of its superior product quality.
A empresa prospera em competição irrestrita devido à qualidade superior de seus produtos.
2. A competitive environment where there are no barriers to entry, price controls, or exclusive agreements limiting market participation
Unrestricted competition in the tech industry has led to rapid innovation.
A competição irrestrita na indústria de tecnologia levou à inovação rápida.
In Brazil, the concept of unrestricted competition is increasingly promoted in economic policies and neoliberal reforms, though it contrasts with historical practices of state intervention and protectionism. In the United States, unrestricted competition is a cornerstone of capitalist ideology, though antitrust laws exist to prevent anti-competitive practices. The term reflects different attitudes toward government regulation across these cultures.
NYC Slang
open market hustle
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