economy vs laissez-faire economy
laissez-faire economy vs economyeconomy and laissez-faire economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| economy | Yes | No | No | No |
| laissez-faire economy | Yes | No | No | No |
As nouns,
laissez-faire economy is a hyponym of
economy; that is, laissez-faire economy is a
word with a more specific, narrower meaning than
economy:
- economy: 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 economy include
industrialism, free enterprise, market economy, private enterprise, mixed economy, non-market economy, state capitalism, state socialism.
| economy (noun) | laissez-faire economy (noun) |
|---|---|
| an act of economizing; reduction in cost | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices |
| frugality in the expenditure of money or resources | |
| the efficient use of resources | |
| the system of production and distribution and consumption |
Words related to "economy"
- action
- black economy
- curtailment
- downsizing
- economic
- economic system
- economical
- economist
- economize
- economy of scale
- efficiency
- free enterprise
- frugality
- frugalness
- industrialism
- laissez-faire economy
- market economy
- mixed economy
- non-market economy
- private enterprise
- retrenchment
- saving
- scheme
- sector
- state capitalism
- state socialism
- system
- thriftiness
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