What is another word for laissez faire economic?

9 synonyms found

Pronunciation:

[ lˈe͡ɪsɛz fˈe͡əɹ ˌiːkənˈɒmɪk], [ lˈe‍ɪsɛz fˈe‍əɹ ˌiːkənˈɒmɪk], [ l_ˈeɪ_s_ɛ_z f_ˈeə_ɹ ˌiː_k_ə_n_ˈɒ_m_ɪ_k]

Laissez faire economics is a term that describes a minimal government intervention approach to economic activities. The philosophy behind laissez faire economics supports the idea of allowing the market to operate freely with minimal government regulation. Synonyms for laissez-faire economics are free-market capitalism, economic liberalism, and free enterprise. Free-market capitalism indicates that individuals are responsible for their economic decisions, without government interference. Economic liberalism, on the other hand, advocates for a system in which businesses and individuals are free to operate with minimal government regulation. Free enterprise, another synonym for laissez-faire economics, entails that businesses can operate independently and compete in the market without any restrictions. In summary, these synonyms embody the philosophy behind laissez-faire economics.

What are the hypernyms for Laissez faire economic?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for laissez faire economic?

Laissez-faire economics is an economic system where the government does not interfere with the market's natural course, allowing businesses to operate freely. On the other hand, antonyms for laissez-faire economics are interventionist or managed economic systems. These types of economic systems involve government intervention in the market to regulate the economy's functioning, such as setting prices, taxes, and controlling the production and distribution of goods and services. Countries that adopt an interventionist economic system aim to achieve stability and ensure social welfare, whereas laissez-faire economics prioritizes individual freedom and businesses' autonomy. Ultimately, understanding the differences between these economic systems is essential in determining a country's economic policies and growth.

What are the antonyms for Laissez faire economic?

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