laissez-faire economy

1. 1.

   an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

   Synonymsmarket economyfree enterpriseprivate enterprise

   Broadereconomy

   Narrowercapitalism

Questions about laissez-faire economy

What does laissez-faire economy mean?

laissez-faire economy means "an economy that relies chiefly on market forces to allocate goods and resources and to determine prices".

What is another word for laissez-faire economy?

Close synonyms include market economy, free enterprise, private enterprise. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is laissez-faire economy a common word?

laissez-faire economy is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.