Laissez-Faire Definition

The meaning of laissez-faire is a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. Laissez-faire, policy of minimum governmental interference in the economic affairs of individuals and society. Laissez-faire (/ ˌlɛseɪˈfɛər / less-ay-fair, from french:

Laissez faire [lɛse fɛːʁ] ⓘ, lit. Add to word list politics & government an economic theory or plan in which a government does not have many laws or rules to control the buying and selling of goods and services (definition of. Aug 13, 2025laissez-faire, an 18th-century economic theory, firmly rejects government intervention in business.

Laissez-faire is the policy which is based on the idea that governments and the law should not interfere with business, finance, or the conditions of people's working lives. Definition of laissez-faire noun in oxford advanced american dictionary. A laissez-faire economy is thus characterized by the free movement of forces of supply and demand, free from any form of intervention by a government, a price-setting monopoly, or any.

Laissez-faire refers to an economic philosophy that advocates for minimal government interference in the economy. The phrase “laissez-faire” originates with the french physiocratic.