What is another word for laissez faire economics?

10 synonyms found

Pronunciation:

[ lˈe͡ɪsɛz fˈe͡əɹ ˌiːkənˈɒmɪks], [ lˈe‍ɪsɛz fˈe‍əɹ ˌiːkənˈɒmɪks], [ l_ˈeɪ_s_ɛ_z f_ˈeə_ɹ ˌiː_k_ə_n_ˈɒ_m_ɪ_k_s]

Laissez faire economics, which advocates for minimal government intervention in economic activities, has been a highly debated philosophy for centuries. While some view it as an important tool for economic growth and individual freedom, others see it as a recipe for societal inequality and instability. There are several synonyms that can be used to describe laissez faire economics, including free-market economics, market liberalism, classical liberalism, neoliberalism, and economic liberalism. These synonyms reflect the emphasis on the role of market forces in determining economic outcomes and the limited role of government regulation in economic affairs. Regardless of the label used to describe it, laissez faire economics continues to be a crucial topic in economic and political discourse, as policymakers and academics seek to balance economic freedom with the need for social stability and equality.

Related words: free market economics, capitalism, laissez-faire, economic theory, free market principles, laissez-faire theory

Related questions:

  • What is laissez-faire economics?
  • What is the difference between laissez-faire and capitalism?
  • What is the laissez-faire economics system?

    Synonyms for Laissez faire economics:

    What are the hypernyms for Laissez faire economics?

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

    What are the opposite words for laissez faire economics?

    Antonyms for the phrase "laissez-faire economics" include "interventionist economics," "regulated capitalism," and "planned economy." Unlike laissez-faire, interventionist economics emphasizes government involvement in regulating markets and ensuring the welfare of the citizens. Meanwhile, regulated capitalism advocates for a mix of free-market principles and government regulation, and planned economy promotes central planning and control of the economy by the government. These antonyms are based on different economic theories and ideologies, and each has its own merits and drawbacks. However, they all represent a departure from the laissez-faire approach, which emphasizes non-intervention and individual freedom in economic activities.

    What are the antonyms for Laissez faire economics?

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