Definitions for laissez-faire
This page provides all possible meanings and translations of the word laissez-faire
individualism, laissez faire(adj)
the doctrine that government should not interfere in commercial affairs
with minimally restricted freedom in commerce
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
the name given to the let-alone system of political economy, in opposition to State interference, or State regulation, in private industrial enterprise.
Sample Sentences & Example Usage
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
Images & Illustrations of laissez-faire
Find a translation for the laissez-faire definition in other languages:
Select another language:
Discuss these laissez-faire definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"laissez-faire." Definitions.net. STANDS4 LLC, 2016. Web. 9 Feb. 2016. <http://www.definitions.net/definition/laissez-faire>.