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Laissez-Faire Economy

nounid 84863·updated May 18, 2026
verified

an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

MWE

Classifications

Entity Type

Unknownauthoritativeglossary_import_default_pending_classifier

Sensitivity

unclassified

Information Class

unclassified

Variants

synonym
market economy
plural
Laissez-Faire Economies
possessive
Laissez-Faire Economy's
pluralpossessive
Laissez-Faire Economies'

Framework definitions

Wordset Dictionary1 senseview framework →
§1
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

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Incoming relationships

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