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.


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