What is another word for laissez faire?

Pronunciation: [lˈe͡ɪsɛz fˈe͡ə] (IPA)

Laissez faire is a French term that describes a hands-off approach to managing or regulating systems and economies. There are various synonyms for laissez faire that reflect a similar philosophy of minimal intervention or interference. Some of these synonyms include free-market, laissez-passer, noninterventionism, self-regulation, or self-governance. Others may refer to economic or political philosophies that advocate for individualism, limited government, or free enterprise, such as neoliberalism or classical liberalism. While these words may be used interchangeably with laissez-faire, they may also be nuanced or contested terms with different implications or historical contexts that warrant further exploration.

What are the hypernyms for Laissez faire?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Laissez faire?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

What are the opposite words for laissez faire?

Laissez-faire is an economic theory that advocates for minimal government intervention in the market. The antonyms for laissez-faire include interventionism, regulation, socialism, and statism. These theories promote government involvement in the economy to protect public interests, prevent market failures, and promote equality. In contrast to laissez-faire, interventionism proposes that the government should regulate prices, control production and distribution of goods and services, and enforce social welfare policies. Statism advocates for government control over all aspects of the economy and people's lives, while socialism supports public ownership of the means of production and distribution. Overall, the antonyms for laissez-faire highlight the importance of government intervention in ensuring economic stability, fairness and equity.

Famous quotes with Laissez faire

  • Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
    Ludwig von Mises
  • Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
    Ludwig Mises

Related words: laissez faire economics, laissez faire attitude, laissez faire society, laissez faire state, laissez faire social theory, laissez-faire approach, laissez-faire attitude

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