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Meanings of laissez-faire economy in English
Portuguese
economia de mercado Catalan
economia de mercat An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.
Usage of laissez-faire economy in English
1
The country may be moving toward a more laissez-faire economy.
2
Explain Adam Smith's concept of an "invisible hand" in a laissez-faire economy, and give a modern-day example.
3
The practical outcome of laissez-faire economy has been monopoly or finance capitalism functioning through the sovereign state or empire.