laissez-faire
noun
                                                                                                                            
                                                            lais·sez-faire
                    
                                                                                                              
                                                                                                                                  ˌle-ˌsā-ˈfer  
                                                                                                                               
                                                      
                                                          
            ˌlā-,
                                                                                                                                  -ˌzā- 1
                    
                                          
              
          
                                                      : a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights                                      
              
                             
argued that the problem with oil prices was too much laissez-faire
                         
                
                    2
                    
                                          
              
          
                                                      : a philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action                                      
              
                             
the university has a policy of laissez-faire regarding nonacademic student activities
                         
                
                    
                                                      laissez-faire
                                      adjective
                                                                            
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  Merriam-Webster unabridged




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