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laissez faire
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the doctrine that government generally should not intervene in the marketplace
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terms list
laissez faire
the doctrine that government generally should not intervene in the marketplace
private property
property that is owned by individuals or companies, not by the government or the people as a whole
mixed economy
a market-based economic system in which the government is involved to some extent
economic transition
a period of change in which a nation moves from one economic system to another
privatization
the process of selling businesses or services operated by the government to individual investors, and then allowing them to compete in the marketplace
free enterprise system
an economic system characterized by private or corporate ownership of capital goods

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