laissez faire
See also: laissez-faire
English
Alternative forms
Etymology
Borrowed from French laissez faire (“leave it be”, literally “let do”).
Pronunciation
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Audio (US): (file) Audio (AU): (file)
Noun
- (economics, politics) A policy of governmental non-interference in economic affairs.
- A policy of non-interference by authority in any competitive process.
Translations
economics: a policy of governmental non-interference in economic affairs
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Quotations
- For quotations using this term, see Citations:laissez faire.
Usage notes
- Usually spelled "laissez-faire" in its common attributive use.
Adjective
laissez faire (comparative more laissez faire, superlative most laissez faire)
- (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.
Translations
economics, politics: practicing or representing governmental noninterference, or minimal interference
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politics: advocating such noninterference
economics: resulting from such noninterference
of a person: avoiding interference in other people's affairs
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See also
French
Noun
laissez faire m (uncountable)
- (rare) Dated form of laisser-faire.
Verb
Categories:
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- en:Economics
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- en:Capitalism
- French lemmas
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