Capitalist economy and Laissez-faire economy

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

Laissez-faire economy and capitalist economy are semantically related. In some cases you can use "Laissez-faire economy" instead a noun phrase "Capitalist economy".

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

Capitalist economy and laissez-faire economy are semantically related. Sometimes you can replace phrase "Capitalist economy" with "Laissez-faire economy", this phrases are similar.