laissez-faire economy

Noun

Meaning

an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Source: WordNet

Synonyms

capitalism market economy private enterprise free enterprise

Hypernyms

economy economic system

Hyponyms

capitalism capitalist economy

Examples

While laissez-faire economy was the product of deliberate State action, subsequent restrictions on laissez-faire started in a spontaneous way. Laissez-faire was planned; planning was not. Karl Polanyi

Close letter words and terms

laissez faire economics laissez passer laissez-faire capitalism laissez-faire policy laissez-faireism laissez-fairism