What does laissez-faire economy mean?
Definitions for laissez-faire economy
lais·sez-faire econ·o·my
This dictionary definitions page includes all the possible meanings, example usage and translations of the word laissez-faire economy.
Princeton's WordNet
market economy, free enterprise, private enterprise, laissez-faire economynoun
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
ChatGPT
laissez-faire economy
A laissez-faire economy is a type of economic system where government intervention is extremely minimal. The fundamental operations of the economy like production, distribution, and investment decisions are primarily determined by market participants, or supply and demand mechanisms, rather than by government regulation or central planning. Laissez-faire, a French phrase which literally translates to "let do", highlights the concept of non-interference and the inherent self-regulating nature of the marketplace.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of laissez-faire economy in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of laissez-faire economy in Pythagorean Numerology is: 4
Translations for laissez-faire economy
From our Multilingual Translation Dictionary
Get even more translations for laissez-faire economy »
Translation
Find a translation for the laissez-faire economy definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"laissez-faire economy." Definitions.net. STANDS4 LLC, 2024. Web. 17 Apr. 2024. <https://www.definitions.net/definition/laissez-faire+economy>.
Discuss these laissez-faire economy definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In