economic system vs laissez-faire economy
laissez-faire economy vs economic systemeconomic system and laissez-faire economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| economic system | Yes | No | No | No |
| laissez-faire economy | Yes | No | No | No |
As nouns,
laissez-faire economy is a hyponym of
economic system; that is, laissez-faire economy is a
word with a more specific, narrower meaning than
economic system:
- economic system: the system of production and distribution and consumption
- laissez-faire economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Other hyponyms of economic system include
industrialism, free enterprise, market economy, private enterprise, mixed economy, non-market economy, state capitalism, state socialism.
| economic system (noun) | laissez-faire economy (noun) |
|---|---|
| the system of production and distribution and consumption | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
Words related to "economic system"
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