English noun: laissez-faire economy | |||
1. | laissez-faire economy (group) an economy that relies chiefly on market forces to allocate goods and resources and to determine prices | ||
Synonyms | free enterprise, market economy, private enterprise | ||
Broader (hypernym) | economic system, economy | ||
Narrower (hyponym) | capitalism, capitalist economy | ||
Antonyms | non-market economy | ||