A self-regulating market refers to a system where the market participants regulate themselves without external intervention. This concept is prevalent in capitalism, where the invisible hand guides the market towards equilibrium. Some synonyms that can be used for self-regulating market are free market, laissez-faire economy, open market, and unregulated market. These terms reflect the laissez-faire approach that promotes minimal government intervention in the economy. However, it is worth noting that while a self-regulating market may seem desirable on paper, it can result in market failures such as monopolies, negative externalities, and income inequality. Therefore, policymakers must strike a balance between market autonomy and appropriate government regulation.