HyperDic: laissez-faire_economy

English > 1 sense of the expression laissez-faire economy:
NOUNgrouplaissez-faire economy, market economy, free enterprise, private enterprisean economy that relies chiefly on market forces to allocate goods and resources and to determine prices
English > laissez-faire economy: 1 sense > noun 1, group
MeaningAn economy that relies chiefly on market forces to allocate goods and resources and to determine prices.
Synonymsmarket economy, free enterprise, private enterprise
Narrowercapitalism, capitalist economyAn economic system based on private ownership of capital
Broadereconomy, economic systemThe system of production and distribution and consumption
Oppositenon-market economyAn economy that is not a market economy
Spanisheconomía de mercado
Catalaneconomia de mercat

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