laissez-faire
lais·sez–faire
noun \ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā-\Definition of LAISSEZ-FAIRE
1
: a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights
2
: a philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action
— laissez–faire adjective
See Origin of LAISSEZ-FAIRE
French laissez faire, imperative of laisser faire to let (people) do (as they choose)
First Known Use: 1825
Other Economics Terms
Learn More About LAISSEZ-FAIRE
Browse
Next Word in the Dictionary: laissez–faireism
Previous Word in the Dictionary: laisser–passer
All Words Near: laissez-faire
Previous Word in the Dictionary: laisser–passer
All Words Near: laissez-faire
Seen & Heard 
What made you want to look up laissez-faire? Please tell us where you read or heard it (including the quote, if possible).
