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Definition of Laissez-faire economy
1. Noun. An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.
Exact synonyms: Free Enterprise, Market Economy, Private Enterprise
Specialized synonyms: Capitalism, Capitalist Economy
Generic synonyms: Economic System, Economy
Antonyms: Non-market Economy
Specialized synonyms: Capitalism, Capitalist Economy
Generic synonyms: Economic System, Economy
Antonyms: Non-market Economy
Lexicographical Neighbors of Laissez-faire Economy
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