Lightly-Regulated Market-based Economy
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A Lightly-Regulated Market-based Economy is a market-based economy that has few economic regulations.
- AKA: Laissez-Faire Economy.
- Example(s):
- Counter-Example(s):
- a Highly-Regulated Capitalistic Economy, such as a Statist Economy.
- See: Government, Tariff, Subsidy, Powell Memorandum, 1971.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Laissez-faire Retrieved:2014-5-21.
- Laissez-faire is an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights.[1] The phrase laissez-faire is French and literally means "let [them] do," but it broadly implies "let it be," "let them do as they will," or "leave it alone."
- ↑ Gaspard, Toufick. A Political Economy of Lebanon 1948–2002: The Limits of Laissez-faire. Boston: Brill, 2004. Print