The term "Anglo-Saxon economy" is often used to refer to the economic models and practices of countries such as the United States, Great Britain, and Australia. However, there are several other words and phrases that can be used as synonyms for this term, including capitalist economy, free market economy, liberal economy, and market economy. These terms all signify economies that are characterized by minimal government intervention in economic affairs, an emphasis on individual freedom and entrepreneurship, and a tendency towards privatization and deregulation. Other synonyms for "Anglo-Saxon economy" include neo-liberal economy and laissez-faire economy, both of which emphasize the importance of free trade and individual responsibility in driving economic growth.