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.
Chambers 20th Century Dictionary
lās′ā-fār′, n. a letting alone, a general principle of non-interference with the free action of the individual: the let-alone principle in government, business, &c.—Also Laiss′er-faire′. [Fr. laisser—L. laxāre, to relax, faire—L. facĕre, to do.]
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.
The numerical value of laissez-faire in Chaldean Numerology is: 4
The numerical value of laissez-faire in Pythagorean Numerology is: 4
Images & Illustrations of laissez-faire
Translations for laissez-faire
From our Multilingual Translation Dictionary
Get even more translations for 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, 2018. Web. 21 Jan. 2018. <http://www.definitions.net/definition/laissez-faire>.