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- DictionaryLais·sez-faire/ˌlesāˈfer/
noun
- 1. a policy or attitude of letting things take their own course, without interfering: "a laissez-faire attitude to life"
The meaning of LAISSEZ-FAIRE is a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. How to use laissez-faire in a sentence.
LAISSEZ-FAIRE definition: 1. unwillingness to get involved in or influence other people's activities: 2. If a government is…. Learn more.
Laissez-faire (/ ˌ l ɛ s eɪ ˈ f ɛər / LESS-ay-FAIR; or / l ɑː ˌ s ɛ z ˈ f ɛ. j ə r /, from French: laissez faire [lɛse fɛːʁ] ⓘ, lit. ' let do ' ) is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations ).
LAISSEZ-FAIRE meaning: 1. unwillingness to get involved in or influence other people's activities: 2. If a government is…. Learn more.
As a noun, laissez faire refers to the practice of allowing people or institutions to act or behave however they want, with little or no interference or regulation. It can also refer to the theory on which such a system is based.
Laissez-faire means "leave it alone." Usually it describes the economic policy of a government that stresses non-interference in business. The phrase laissez faire comes from the French phrase laissez faire et laissez passer, "Let be and let pass."
Apr 16, 2024 · Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention. The theory of laissez-faire was developed by the French Physiocrats...
allowing things to happen and not trying to control them: laissez-faire capitalism. a laissez-faire attitude. (Definition of laissez-faire from the Cambridge Learner's Dictionary © Cambridge University Press)
Definition of laissez-faire noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
the policy or practice of letting people act without interference or direction; noninterference; specif., the policy of letting the owners of industry and business fix the rules of competition, the conditions of labor, etc. as they please, without governmental regulation or control.
