What is another word for laissez-faire economy?

3 synonyms found

Pronunciation:

[ lˈe͡ɪsɛzfˈe͡əɹ ɪkˈɒnəmi], [ lˈe‍ɪsɛzfˈe‍əɹ ɪkˈɒnəmi], [ l_ˈeɪ_s_ɛ_z_f_ˈeə_ɹ ɪ_k_ˈɒ_n_ə_m_i]

The term laissez-faire economy has been used for centuries to describe an economic system where the government does not interfere with market forces. However, there are several other synonyms that can be used to describe this economic system. For example, free-market economy, market economy, capitalism, and free enterprise economy are all interchangeable terms for a laissez-faire economy. Additionally, there are several related terms such as deregulation, privatization, and liberalization that are often used in the context of a laissez-faire economy. Although there are slight nuances and differences in meaning between these terms, they all generally refer to a system in which the government plays a minimal role in the economy, leaving it to be driven by market forces and private enterprise.

Synonyms for Laissez-faire economy:

What are the hypernyms for Laissez-faire economy?

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

What are the opposite words for laissez-faire economy?

The laissez-faire economy is a term used to describe a free-market economy in which there is little to no government intervention. The concept originated in France in the 18th century and has been embraced by some economists as a model for economic growth. However, there are several antonyms that represent different economic systems that oppose laissez-faire. One such antonym is the command economy, which has complete government control over the market. Another opposite of laissez-faire is the mixed economy, where there is a blend of free-market principles and government intervention. A third antonym is the planned economy, which is a system where the government directs all economic activity.

What are the antonyms for Laissez-faire economy?

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