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.
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"laissez-faire." Definitions.net. STANDS4 LLC, 2015. Web. 24 May 2015. <http://www.definitions.net/definition/laissez-faire>.