capitalism vs laissez-faire economy
laissez-faire economy vs capitalismcapitalism and laissez-faire economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| capitalism | Yes | No | No | No |
| laissez-faire economy | Yes | No | No | No |
As nouns,
laissez-faire economy is a hypernym of
capitalism; that is, laissez-faire economy is a
word with a broader meaning than capitalism:
- capitalism: an economic system based on private ownership of capital
- laissez-faire economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
| capitalism (noun) | laissez-faire economy (noun) |
|---|---|
| an economic system based on private ownership of capital | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
Words related to "capitalism"
© WordCmp.com 2024,
CC-BY 4.0 / CC-BY-SA 3.0.