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
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.
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"laissez-faire." Definitions.net. STANDS4 LLC, 2017. Web. 30 Mar. 2017. <http://www.definitions.net/definition/laissez-faire>.