is laissez faier a mixture of the market economy?

Floy Fague: Actually, "laissez faier" is a French phrase that means "leave it alone". In economics it describes a philosophy that opposes government intervention in markets. On the other other hand, a "mixture of the market economy" describes a situation where both market activity and government intervention in markets affect economic activity. Pretty much all economies are "mixed economies". For example, in the U.S. there are private markets for health care, but the government also intervenes in this market with programs like Medicare and Medicaid....Show more