private enterprise vs laissez-faire economy

private enterprise and laissez-faire economy both are nouns.

Word	Noun	Adjective	Verb	Adverb
private enterprise	Yes	No	No	No
laissez-faire economy	Yes	No	No	No

As nouns, private enterprise and laissez-faire economy are synonyms defined as:

private enterprise and laissez-faire economy: an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Other synonyms of private enterprise include free enterprise, market economy.

private enterprise (noun)	laissez-faire economy (noun)
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices	an economy that relies chiefly on market forces to allocate goods and resources and to determine prices