What term refers to the economic system where the government does not interfere with the business cycle?

The term that refers to an economic system where the government does not interfere with the business cycle is "Free Market." In a free market system, prices for goods and services are determined by the forces of supply and demand without government intervention. This approach allows market participants to make their own economic decisions, promoting competition and innovation. The free market is characterized by voluntary exchanges and a belief in the efficiency of markets to allocate resources optimally over time, responding to changes in consumer preferences and needs.

This concept contrasts with other systems where government plays a significant role. In traditional economies, for example, customs and traditions dictate economic practices. Command economies are characterized by significant government control over resources and production, while mixed economies combine elements of both free markets and government intervention.