Mar 16, 2014 · 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.

Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society. The doctrine of laissez-faire is usually associated with the economists …

Laissez-faire (/ ˌlɛseɪˈfɛər / LESS-ay-FAIR, from French: laissez faire [lɛse fɛːʁ] ⓘ, lit. 'let do') implies that nothing restricts what happens, irrespective of the potential consequences.

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.

Add to word list politics & government an economic theory or plan in which a government does not have many laws or rules to control the buying and selling of goods and services (Definition of laissez …

Nov 24, 2019 · A laissez-faire economy is thus characterized by the free movement of forces of supply and demand, free from any form of intervention by a government, a price-setting monopoly, …

Aug 13, 2025 · Laissez-faire, an 18th-century economic theory, firmly rejects government intervention in business. Rooted in the belief that minimal government involvement benefits both …

Laissez-faire is the policy which is based on the idea that governments and the law should not interfere with business, finance, or the conditions of people's working lives.

Definition of laissez-faire noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

1. (Government, Politics & Diplomacy) a. Also called: individualism the doctrine of unrestricted freedom in commerce, esp for private interests b. (as modifier): a laissez-faire economy.