The French phrase laissez faire literally means “allow to do,” with the idea being “let people do as they choose.” The origins of laissez-faire are associated with the Physiocrats, a group of 18th-century French economists who believed that government policy should not interfere with the...
The laissez-faire theory mainly advocates government non-intervention. Economic theoristAdam Smithbelieved that the optimal functioning of markets needed minimal government intervention. However, Smith did raise concerns about the drawbacks of the theory, particularly in relation to the possibility of creati...
How is Laissez Faire and Capitalism Connected? What is the Laissez Faire Leadership Style? What are the Sources of Criticism for Laissez-Faire Policies? What is Laissez Faire? Laissez Faire is an economic policy based on the premise that the government should not intervene in the marketplace. ...
Laissez faire definition: the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs.. See examples of LAISSEZ FAIR
From Longman Dictionary of Contemporary Englishlais‧sez-faire,laisser-faire/ˌleseɪ ˈfeə, ˌleɪ-$-ˈfer/noun[uncountable]1theprinciplethat thegovernmentshouldallowtheeconomyorprivatebusinessestodevelopwithout anystatecontrolorinfluencethe policy of laissez-fairelaissez-faire economics/capitali...
lais•sez faire (ˌlɛs eɪ ˈfɛər) n. 1. the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs. 2. the practice or doctrine of...
laissez-faire (redirected fromLaissez faire, laissez passer) Thesaurus Financial Encyclopedia alsolais·ser faire(lĕs′ā fâr′, lā′zā) n. 1.An economic doctrine that opposes governmental regulation of or interference in commerce beyond the minimum necessary for a free-enterprise system to op...
The meaning of LAISSEZ-FAIREISM is the doctrine of laissez-faire. How to use laissez-faireism in a sentence.
放任政策 definition at Chinese.Yabla.com, a free online dictionary with English, Mandarin Chinese, Pinyin, Strokes & Audio. Look it up now!
Although it involves various ideas and concepts, at the core of a laissez-faire definition lies the idea that governments should let the economy function naturally. This argument is used by proponents of laissez-faire against other notions of what the government's relationship to an economy should...