Laissez Faire (noun) Definition, Meaning & Examples

noun
  1. the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs.
  2. the practice or doctrine of noninterference in the affairs of others, especially with reference to individual conduct or freedom of action.
adjective
  1. of, relating to, or conforming to the principles or practices of laissez faire.
noun
    • the doctrine of unrestricted freedom in commerce, esp for private interests
    • (as modifier)
  1. indifference or noninterference, esp in the affairs of others
Laissez Faire (noun) Definition, Meaning & Examples

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