Simple Definition of laissez–faire
economics : a policy that allows businesses to operate with very little interference from the government
Full Definition of laissez–faire
1 : a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights
2 : a philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action
Origin of laissez–faire
French laissez faire, imperative of laisser faire to let (people) do (as they choose)
First Known Use: 1825
Rhymes with laissez–faire
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Learn More about laissez–faire
Spanish Central: Translation of "laissez–faire"
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