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What does laissez-faire economy mean?

April 26, 2017context examples definition dictionary economy english learning laissez-faire mean sense synonyms

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What does laissez-faire economy mean?

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• LAISSEZ-FAIRE ECONOMY (noun) The noun LAISSEZ-FAIRE ECONOMY has 1 sense: 1. an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Familiarity information: LAISSEZ-FAIRE ECONOMY used as a noun is very rare.