laissez-faire economy vs economic system
economic system vs laissez-faire economylaissez-faire economy and economic system both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| laissez-faire economy | Yes | No | No | No |
| economic system | Yes | No | No | No |
As nouns,
economic system is a hypernym of
laissez-faire economy; that is, economic system is a
word with a broader 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
- economic system: the system of production and distribution and consumption
Other hypernyms of laissez-faire economy include
economy.
| laissez-faire economy (noun) | economic system (noun) |
|---|---|
| an economy that relies chiefly on market forces to allocate goods and resources and to determine prices | the system of production and distribution and consumption |
Words related to "laissez-faire economy"
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