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laissez–faire

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noun lais·sez–faire \ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā-\

Simple Definition of laissez–faire

  • economics : a policy that allows businesses to operate with very little interference from the government

Source: Merriam-Webster's Learner's Dictionary

Full Definition of laissez–faire

  1. 1 :  a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights

  2. 2 :  a philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action

laissez–faire

adjective

Origin and Etymology of laissez–faire

French laissez faire, imperative of laisser faire to let (people) do (as they choose)


First Known Use: 1825


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