How does laissez faire differ from a centrally planned government?

Laissez-faire economics advocates for minimal government intervention in the economy, allowing free markets to operate based on supply and demand. In contrast, a centrally planned government controls and regulates economic activities, making decisions about production, distribution, and pricing. This results in a significant difference in how resources are allocated and how businesses operate, with laissez-faire promoting individual entrepreneurship and competition, while centrally planned economies focus on collective goals and state directives.