A term applied to economic principles that support a non-interventionist approach to capitalism to allow for self-interest and competition drive efficiencies in the market. A French phrase translated as "leave it be", adopted by 18th century economists to describe a position against government regulations and taxation which restrains economic activity.
Related information about laissez-faire economics:
- Laissez-faire - Wikipedia, the free encyclopedia
Laissez-faire is an economic environment in which transactions between private parties are free from tariffs, government subsidies, and enforced monopolies, ...
- laissez-faire (economics) -- Britannica Online Encyclopedia
(French: “allow to do”), policy of minimum governmental interference in the economic affairs of individuals and society. The origin of the term is uncertain, but ...
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Definition of laissez-faire economics: One of the guiding principles of capitalism, this doctrine claims that an economic system should be free from government ...
- Laissez-faire economics - The Free Dictionary
lais·sez faire also lais·ser faire (l s fâr , l z ). n. 1. An economic doctrine that opposes governmental regulation of or interference in commerce beyond the ...
- Laissez Faire Definition | Investopedia
An economic theory from the 18th century that is strongly opposed to any government intervention in business affairs. Sometimes referred to as "let it be ...
- Explain Laissez-Faire Economics | Chron.com
Economics is a broad social science that studies factors that drive the supply and demand of limited resources. Economic resources are commonly defined as ...
- Laissez Faire: A Conservative Approach to the Industrial Revolution
Laissez faire (from the French, meaning to leave alone or to allow to do) is an economic and political doctrine that holds that economies function most efficiently ...
- Vince Cable: pure laissez-faire economics does not work | Politics ...
Sep 11, 2012 ... Business secretary sets out new industrial strategy, including a British business bank, to 'get behind our success stories'