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laissez-faire - 5 dictionary results

lais⋅sez-faire

[les-ey-fair; Fr. le-sey-fer]
–adjective
of, pertaining to, or conforming to the principles or practices of laissez faire.
Also, laisser-faire.


Origin:
1815–25


laissez-faireism, noun
lais·sez faire also lais·ser faire   (lěs'ā fâr', lā'zā)   
n.  
  1. An economic doctrine that opposes governmental regulation of or interference in commerce beyond the minimum necessary for a free-enterprise system to operate according to its own economic laws.
  2. Noninterference in the affairs of others.

[French : laissez, second person pl. imperative of laisser, to let, allow + faire, to do.]
lais'sez-faire' adj.

laissez-faire [(les-ay-fair, lay-zay-fair)]

French for “Let (people) do (as they choose).” It describes a system or point of view that opposes regulation or interference by the government in economic affairs beyond the minimum necessary to allow the free enterprise system to operate according to its own laws.


laissez-faire 
1825, from Fr., lit. "let (people) do (as they think best)," from laissez "let" + faire "to do" (from L. facere; see factitious). Phrase chosen to express the ideal of government non-interference in business and industry. A term from 18c. Fr. free-trade economists, usually attributed to Gournay.

laissez-faire

Of, relating to, or being an economy devoid of government interference.

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