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Noun: laissez faire  ,le,sey'fehr or ,ley,zey'fehr
  1. The doctrine that government should not interfere in commercial affairs
    "The politician advocated for laissez faire economics, opposing market regulations";
    - individualism
Adjective: laissez-faire  ,le,sey'fehr or ,ley,zey'fehr
  1. With minimally restricted freedom in commerce
    "The problems associated with laissez-faire leadership can intensify when a follower does not have the capabilities to compensate";
    - individualistic

See also: capitalist, capitalistic

Type of: doctrine, ism, philosophical system, philosophy, school of thought

Encyclopedia: Laissez faire

Laissez-faire