Definition of Laissez-faire

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TeachMeFinance.com - explain Laissez-faire



Laissez-faire -- French phrase meaning "leave alone." In economics and politics, a doctrine that the economic system functions best when there is no interference by government.

another definition...

laissez-faire -- the theory that government should have as little influence as possible in the nation's economy.

another definition...

Laissez-faire -- A term used to describe minimal governmental involvement in an economy, allowing market forces and individuals to make their own decisions, with little or no regulation.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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