Laissez Faire
Definition of 'Laissez Faire'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 economics." |
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Investopedia explains 'Laissez Faire'People who support a laissez faire system are against minimum wages, duties, and any other trade restrictions.Laissez faire is French for "leave alone." |
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