laissez faire
Pronunciation
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.030
Pronunciation
- (British) IPA: /ˈlæs.eɪ ˌfeə(ɹ)/, /ˈleɪ.seɪ ˌfeə(ɹ)/
laissez faire (uncountable)
- (economics, politics) A policy of governmental non-interference in economic affairs.
- A policy of non-interference by authority in any competitive process.
- French: laissez-faire, laisser-faire
- German: Laissez-faire
- Portuguese: laissez-faire
- Russian: невмеша́тельство
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.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.030