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 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
adjectiveExplore Merriam-Webster
Origin and Etymology of laissez–faire
French laissez faire, imperative of laisser faire to let (people) do (as they choose)
Other Economics Terms
LAISSEZ–FAIRE Defined for English Language Learners
laissez-faire
playDefinition of laissez–faire for English Language Learners
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economics : a policy that allows businesses to operate with very little interference from the government
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See words that rhyme with laissez–faire Spanish Central: Translation of laissez–faire
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