What is another word for laissez-faire economy?
Pronunciation: [lˈe͡ɪsɛzfˈe͡əɹ ɪkˈɒnəmi] (IPA) 
The term laissez-faire economy has been used for centuries to describe an economic system where the government does not interfere with market forces. However, there are several other synonyms that can be used to describe this economic system. For example, free-market economy, market economy, capitalism, and free enterprise economy are all interchangeable terms for a laissez-faire economy. Additionally, there are several related terms such as deregulation, privatization, and liberalization that are often used in the context of a laissez-faire economy. Although there are slight nuances and differences in meaning between these terms, they all generally refer to a system in which the government plays a minimal role in the economy, leaving it to be driven by market forces and private enterprise.
