laissez-faire economy


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Related to laissez-faire economy: laisser faire
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.laissez-faire economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine priceslaissez-faire economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
capitalism, capitalist economy - an economic system based on private ownership of capital
economic system, economy - the system of production and distribution and consumption
References in periodicals archive ?
Citizens are forced to contend with destructive behaviors, poor planning, and the lack of responsibility and accountability lost between a state-owned and laissez-faire economy. We are stuck in limbo, between a state unable to provide for its citizens and an unregulated private sector feeding off the state's dereliction of its duties.
Capitalism believes in laissez-faire economy where the economic activities are free from government interventions and are based on supply - demand factors.
With him promising less red tape for returning professionals and urging against trade barriers within Asean nations amid the United States-China trade war, it may be tempting to think of him as a new champion of a more laissez-faire economy and administration.
The country, then was a safe haven thanks to its laissez-faire economy, banking secrecy and active services sector.
Even when compared to Singapore -- traditionally dismissed by Hong Kong residents as an excessively taxed authoritarian city-state, compared to their own low-tax laissez-faire economy -- Hong Kong comes up short.