Laissez faire meaning: Laissez - faire is a French

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. 2 meanings : 1. a. Also called: individualism the doctrine of unrestricted freedom in commerce, esp for private interests b. (as.... Click for more definitions. Law and You > A dministrative Law > Laissez-Faire : Principles, Objectives, Advantages, and Criticism The concept of laissez-faire — a French phrase meaning “let do” or “let it be” — has long been a cornerstone of classical economic thought and liberal political philosophy. Rooted in Enlightenment ideals of individual freedom and minimal government interference, laissez-faire champions the belief that economies function best when markets are left to regulate themselves. From the ... 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.