Capitalism and Laissez-faire economy

Capitalism noun - An economic system based on private ownership of capital.

Laissez-faire economy and capitalism are semantically related. In some cases you can use "Laissez-faire economy" instead a noun "Capitalism".

Nearby Words: capital, capitally, capitalize, capitalist, capitalise

Laissez-faire economy noun - An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.

Capitalism and laissez-faire economy are semantically related. Sometimes you can replace term "Capitalism" with "Laissez-faire economy", this terms are similar.