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Laissez-faire economy   /lˈeɪzˌeɪ-fɛr ɪkˈɑnəmi/   Listen
Laissez-faire economy

noun
1.
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.  Synonyms: free enterprise, market economy, private enterprise.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Laissez-faire economy" :   economy, capitalist economy, private enterprise, capitalism, economic system, non-market economy



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