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
adjectivePeople Are Reading
Origin and Etymology of laissez–faire
French laissez faire, imperative of laisser faire to let (people) do (as they choose)
First Known Use: 1825
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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