lais·sez-faire
| \ ˌle-ˌsā-ˈfer
, ˌlā-, -ˌzā- \
, ˌlā-, -ˌzā- \
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
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“Laissez-faire.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/laissez-faire. Accessed 9 Aug. 2021.
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More Definitions for laissez-faire
laissez-faire
noun
English Language Learners Definition of laissez-faire
economics
: a policy that allows businesses to operate with very little interference from the government
See the full definition for laissez-faire in the English Language Learners Dictionary
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The first known use of laissez-faire was in 1814
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