by Diego September 04, 2003

An economy or market with no regulation or restrictions on how the said market operates, thus allowing the most efficient allocation of a resources in an economy. The laissez-faire or 'market system' is the unplanned capitalist economic system. The extreme opposite is N.Korea, Cuba, China etc.
The 'passive' approach, or that of non-intervention to Macroeconomic management (as stated by harry flashman) is just one feature of the laissez-faire or market system.
by Diego December 07, 2003

by Diego September 11, 2003

by Diego March 23, 2003

I went to Home and dumped 7 bikkie's...My friends were still frying eggs off me at 6pm the next day.
by Diego October 06, 2003

by Diego September 11, 2003
