laissez faire definition

  • noun:
    • An economic doctrine that opposes government legislation of or interference in trade beyond the minimal essential for a free-enterprise system to use according to its very own economic laws.
    • Noninterference when you look at the matters of others.
    • an insurance plan of government non-interference in economic affairs.
    • an insurance plan of non-interference by authority in every competitive process.
    • Noninterference; -- an axiom of some governmental economists, deprecating interference of federal government by attempts to foster or control trade, manufactures, etc., by bounty or by limitation
    • the doctrine that government must not interfere in commercial affairs
  • adjective:
    • learning or representing government noninterference, or minimal disturbance, particularly in financial matters; regarding free-market capitalism.
    • Advocating these types of noninterference.
    • caused by these types of noninterference.
    • Avoiding disturbance in other individuals affairs; deciding to live and allow live.

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