LAISSEZ FAIRE

By Robbie Mcanelly

Noun

Part of speech

In general, laissez faire is defined as

abstention from interference. In regard to economics, laissez faire is defined

as an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies with only enough regulations to protect property rights.

Definition

Laissez faire is French and literally means “let

them do,” but it broadly implies “let it be,” “let them do as they will,” or “leave it alone.”

Origin

Laissez faire is a branch of capitalism. It is believed that a laissez faire, or

completely free market, has never existed.

Context Sentence

http://www.youtube.com/watch?

v=V6mV5WnT4t4

Watch this!