Lightly-Regulated Market-based Economy

A Lightly-Regulated Market-based Economy is a market-based economy that has few economic regulations.

• AKA: Laissez-Faire Economy.
• Example(s):
  • Pre-Railroad Post-U.S. Annexation Wild West Economy of 1860s.
  • …
• Counter-Example(s):
  • a Highly-Regulated Capitalistic Economy, such as a Statist Economy.
• See: Government, Tariff, Subsidy, Powell Memorandum, 1971.

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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. 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."

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