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I'm a thinking person like you. Perhaps you can change my mind. You may paraphrase since I don't feel much like reading an encyclopedia.
The theory of free market economy focus is on a government that does not set or control prices, supply, or demand. The factors are set/driven by the market and by the supply and demand of a product or service
A laissez-faire economy, I think has a focus on the role of the government, where transactions between different companies or people are not subject to tariffs, government subsidies, and enforced monopolies. There is no role for government in this economy.
They do have many similarities I agree, however I think I like the term free market economy, because it speaks to the fact that people are free to exchange good and services, where competition, supply and demand set the price.
Capitalism again similar however more focused on the creation of wealth and the ownership of capital and the means of production. Some state capitalism as a theory is more closely linked to innovation and progress.
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