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Laissez-faire economy
/lˈeɪzˌeɪ-fɛr
ɪkˈɑnəmi/
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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
.
Antonym:
non-market economy
.
See images of 'Laissez-faire economy'
Antonyms of 'Laissez-faire economy'
Etymology of 'Laissez-faire economy'
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