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Definitions from the Web

Laissez-faire

Description

Laissez-faire, pronounced as lass-ay-fair, is a French term that translates to "let them do" in English. It refers to an economic and political philosophy that advocates for minimal government interference in the free market. Laissez-faire promotes non-interference in business operations and the belief that the market should regulate itself without government intervention.

Sample Sentences

• The government's policy of laissez-faire allows businesses to operate freely without excessive regulations.
• Proponents of laissez-faire argue that the market will naturally correct itself if left untouched by government intervention.
• The economist defended the principles of laissez-faire as the most effective way to stimulate economic growth.
• In a laissez-faire system, entrepreneurs have the freedom to pursue their business ventures without being hindered by bureaucratic red tape.
• Some people criticize laissez-faire policies, fearing they may result in income inequality and exploitation of workers.

Related Products

Explore some books related to the concept of laissez-faire on Amazon:

• Laissez-Faire Economics
• Laissez-Faire Philosophy
• Laissez-Faire Capitalism