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Meaning of LAISSEZ-FAIRE ECONOMY

 
WordNet Dictionary
 
 Definition: 
[n]  an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
 
 Synonyms: free enterprise, market economy
 
 Antonyms: non-market economy
 
 See Also: capitalism, capitalist economy, economic system, economy

 

 

 

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