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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 (/ 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 ).
Aug 21, 2024 · Laissez-faire, also called laissez-faire economics, a policy that advocates minimum interference by government in the economic affairs of individuals and society. Read more about the meaning and origin of the term and the history of the doctrine in this article.
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 meaning: 1. unwillingness to get involved in or influence other people's activities: 2. If a government is…. Learn more.
LAISSEZ-FAIRE definition: 1. unwillingness to get involved in or influence other people's activities: 2. If a government is…. Learn more.
Laissez faire, typically pronounced "LAY-zay fair," was originally a French economic term meaning “allow to do,” as in: the government does not interfere in the marketplace.
Britannica Dictionary definition of LAISSEZ–FAIRE. always used before a noun [more laissez–faire; most laissez–faire] economics. : favoring a policy that allows businesses to operate with very little interference from the government. laissez-faire capitalism/economics. — often used figuratively.
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."
3 days ago · laissez‐faire. The transition from the medieval to the modern economy was characterized by the progressive removal of restrictions on individuals and groups in favour of the operation of market forces. The balance between complete unrestriction and some control is still strenuously debated.
