Definition from Wiktionary, the free dictionary
See also: laissez-faire
- (economics) A policy of governmental non-interference in economic affairs.
- A policy of non-interference by authority in any competitive process.
economics: a policy of governmental non-interference in economic affairs
- For usage examples of this term, see Citations:laissez faire.
- Usually spelled "laissez-faire" in its common attributive use.
- (economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.
- I think the city should take a laissez faire approach to this; getting involved would only make things worse.
- (economics, politics) Advocating such noninterference.
- The Senator claims to be laissez faire, but he voted in favor of the subsidies.
- (economics) Resulting from such noninterference.
- The price ceiling was well below the laissez faire price that demand would have supported, so there were always shortages.
- (of a person) Avoiding interference in other people's affairs; choosing to live and let live.
economics, politics: practicing or representing governmental noninterference, or minimal interference
politics: advocating such noninterference
economics: resulting from such noninterference
of a person: avoiding interference in other people's affairs
- (rare) Dated form of laisser-faire.