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- Dictionarylais·sez-faire/ˌlesāˈfer/
noun
- 1. a policy or attitude of letting things take their own course, without interfering: "a laissez-faire attitude to life"
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noun
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Abstention by governments from interfering in the workings of the free market
Laissez-faire ( LESS-ay-FAIR; or, from, lit. 'let do') is a type of economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies or regulations). Wikipedia