Sekirov Dictionary

laissez faire

UK /ˈlæseɪ ˌfɛə(ɹ)/US /ˌlɛ(ˌ)seɪ ˈfɛəɹ/

adjective 4
noun 2
forms 4

adjective4

•
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.
•
Advocating such noninterference.
- The Senator claims to be laissez faire, but he voted in favor of the subsidies.
Avoiding interference in other people's affairs; choosing to live and let live.
•
Resulting from such noninterference.
- The price ceiling was well below the laissez faire price that demand would have supported, so there were always shortages.

noun2

•
A policy of governmental non-interference in economic affairs.
- While laissez-faire economy was the product of deliberate State action, subsequent restrictions on laissez-faire started in a spontaneous way. Laissez-faire was planned; planning was not. — 2001
A policy of non-interference by authority in any competitive process.

forms

more laissez faire · more laissez-faire · most laissez faire · most laissez-faire

This dictionary works without the internet: on your phone · in Chrome