Definitions for laissez-faire

This page provides all possible meanings and translations of the word laissez-faire

Princeton's WordNet

  1. individualism, laissez faire(adj)

    the doctrine that government should not interfere in commercial affairs

  2. individualistic, laissez-faire(a)(adj)

    with minimally restricted freedom in commerce

Freebase

  1. Laissez-faire

    Laissez-faire is an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights. The phrase laissez-faire is French and literally means "let [them] do", but it broadly implies "let it be," "let them do as they will," or "leave it alone". Scholars generally believe a laissez-faire state or a completely free market has never existed.

The Nuttall Encyclopedia

  1. Laissez-faire

    the name given to the let-alone system of political economy, in opposition to State interference, or State regulation, in private industrial enterprise.

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