Laissez-Faire Capitalism
Noun Phraseलैसेज़-फेयर पूंजीवाद (नियमन-मुक्त अर्थव्यवस्था)
Definition
An economic system characterized by minimal government intervention, allowing free markets to operate with little regulation.
Contextual Sentence: "Critics argue that unchecked laissez-faire capitalism can lead to inequality and exploitation of labor."
💡 Memory Hook (Mnemonic): Combine 'laissez-faire' (let do) with 'capitalism'—government stays out, markets thrive!
Synonyms
free-market capitalism
minimalist regulation
non-interventionist economy
Antonyms
regulated capitalism
socialist economy
interventionist policy