Concept information
Preferred term
laissez-faire policy
Definition
- Modern economies can be categorized by three kinds of economic policies. The first is one in which the government owns the means of production, or socialism. [Source: The Encyclopedia of Libertarianism; Laissez-Faire Policy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/laissez-faire_policy
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