English dictionary
laissez-faire economy meaning and definition
Definition and meaning of laissez-faire economy at MeaningMonkey.org. laissez-faire economy meaning and definition in the English Dictionary.LAISSEZ-FAIRE ECONOMY noun
Definition of laissez-faire economy (noun)
- an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
- synonyms: free enterprise, market economy, private enterprise
- antonym: non-market economy
Source: Princeton University Wordnet