Laissez faire: Laissez - faire is a

Laissez - faire is a French phrase meaning unwillingness to get involved in or influence other people's activities. It is also an economic theory or plan that favors free markets and minimal government intervention. Learn more about its meaning, usage and translations in different languages. Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society . The doctrine of laissez-faire is usually associated with the economists known as Physiocrats, who flourished in France from about 1756 to 1778. Published Oct 25, 2023Definition of Laissez-Faire Laissez-Faire is an economic and political ideology that advocates for minimal government interference in the economy. The term is French and translates to “let do” or “leave alone.” In a laissez-faire system, markets are allowed to operate freely without government regulations or interventions. Example […] Laissez - Faire is an economic doctrine that advocates minimal or no government intervention in business and economic affairs. Learn about its meaning, history, benefits, criticism, policies, and examples in this blog post.