Government Intervention In Markets

2 words in this vocabulary list

noun an economic system in which transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies

  • The government's laissez faire approach to regulating the economy has been criticized by some experts.
  • The boss has a hands-off, laissez faire attitude when it comes to managing the team.
  • I'm all about that laissez faire life - just let things happen on their own.
  • Her laissez faire attitude towards relationships often leads to misunderstandings and conflicts.

noun a person who believes in or advocates a dirigiste economic system

  • The dirigiste policies implemented by the government heavily regulated the economy.
  • The dirigiste approach of the company's management stifled innovation among employees.
  • I can't stand working in such a dirigiste environment where every move is monitored.
  • Her dirigiste leadership style left no room for creativity or independent thinking.