laissez-faire economy (Meaning)
laissez-faire economy (n)
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Synonyms & Antonyms of laissez-faire economy
No Synonyms and anytonyms found
laissez-faire economy Sentence Examples
- In a laissez-faire economy, the government adopts a hands-off policy, intervening minimally in the market.
- Supporters of laissez-faire economics argue that free markets self-regulate and government intervention disrupts this natural order.
- Laissez-faire policies often lead to minimal government regulation, lower taxes, and fewer restrictions on businesses.
- In a laissez-faire economy, individuals are free to pursue their own economic interests with limited government interference.
- Critics of laissez-faire economics argue that it can lead to market failures, such as monopolies and income inequality.
- Countries with strong laissez-faire policies typically have relatively free trade and open markets.
- The laissez-faire approach to economics has been influential in many countries throughout history, including the United States and the United Kingdom.
- In recent decades, there has been a resurgence of interest in laissez-faire economics, particularly among libertarians and conservatives.
- Some countries have experimented with laissez-faire economic policies, with varying degrees of success.
- The debate over the merits of laissez-faire economics is likely to continue for many years to come.
FAQs About the word laissez-faire economy
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
No synonyms found.
No antonyms found.
In a laissez-faire economy, the government adopts a hands-off policy, intervening minimally in the market.
Supporters of laissez-faire economics argue that free markets self-regulate and government intervention disrupts this natural order.
Laissez-faire policies often lead to minimal government regulation, lower taxes, and fewer restrictions on businesses.
In a laissez-faire economy, individuals are free to pursue their own economic interests with limited government interference.
