Definition, Meaning & Synonyms
laissez-faire
noun
/ˌleɪ.seɪˈfɛr/
Definition
A policy or attitude of letting things take their own course, without interfering.
Examples
- In a laissez-faire economy, the market regulates itself.
- The businessman advocated for a laissez-faire approach to regulations.
- During the 19th century, many countries adopted laissez-faire economic policies.
Meaning
Laissez-faire is typically used in an economic context to describe a system where businesses operate with minimal government intervention.
Synonyms
- non-intervention
- free-market
- let alone
