laissez-faire economy vs capitalism
capitalism vs laissez-faire economylaissez-faire economy and capitalism both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| laissez-faire economy | Yes | No | No | No |
| capitalism | Yes | No | No | No |
As nouns,
capitalism is a hyponym of
laissez-faire economy; that is, capitalism is a
word with a more specific, narrower meaning than
laissez-faire economy:
- laissez-faire economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
- capitalism: an economic system based on private ownership of capital
Other hyponyms of laissez-faire economy include
capitalist economy.
| laissez-faire economy (noun) | capitalism (noun) |
|---|---|
| an economy that relies chiefly on market forces to allocate goods and resources and to determine prices | an economic system based on private ownership of capital |
Words related to "laissez-faire economy"
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