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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 definition: 1. unwillingness to get involved in or influence other people's activities: 2. If a government is…. Learn more.
Laissez-faire (/ ˌlɛseɪˈfɛər / LESS-ay-FAIR; or / lɑːˌsɛzˈfɛ.jər /, 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.
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 during the 18th...
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. For example, if a product is poorly made, people won't buy it — no need for the government to step in. Parents can take a laissez faire approach — no curfews or set ...
What does laissez faire mean? 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.
Definition of laissez-faire noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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.
What does the noun laissez-faire mean? There is one meaning in OED's entry for the noun laissez-faire . See ‘Meaning & use’ for definition, usage, and quotation evidence.