ELI5: Explain Like I'm 5

Deregulated capitalism

Deregulated capitalism is a kind of economy where companies and businesses are allowed to make decisions and choices without government control or interference. The government does not decide what prices companies can charge for their products or services, or dictate how much people will get paid for their work. Instead, companies and businesses are able to make decisions about what types of products and services they offer, how much to charge for them, and how they hire and manage their employees. This freedom allows competition between companies and businesses, and gives customers more options and a better chance to get the products and services they need at the best prices.