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(economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.

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laissez faire

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laissez faire

/ˈlæseɪ ˌfeə(ɹ)/

adj

(economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.

The government's laissez faire approach to the economy led to minimal regulation and intervention.

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(economics, politics) Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.