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Definitions from the Web

Laissez-faire

Description:

Laissez-faire, a French term which translates to "let do" in English, is an economic and political philosophy advocating minimal government intervention in social and economic affairs. It emphasizes free market capitalism, individual freedom, and limited regulation or interference by authorities. Laissez-faire is often associated with the belief that economies flourish when left to their own devices without government interference.

Usage:

As a Noun:

In economics, laissez-faire refers to the belief in free markets and limited governmental control: "The economist defended laissez-faire policies, arguing that minimal regulation leads to economic growth."

As an Adjective:

In politics, a laissez-faire government refers to a hands-off approach to governance: "The laissez-faire administration advocated for minimal state intervention."

Related Products:

For further reading on laissez-faire economics and its impact, you may be interested in:

• Laissez-Faire Economics Books
• Free Market Capitalism Books