An economy or market with no regulation or restrictions on how the said market operates, thus allowing the most efficient allocation of a resources in an economy. The laissez-faire or 'market system' is the unplanned capitalist economic system. The extreme opposite is N.Korea, Cuba, China etc.
The 'passive' approach, or that of non-intervention to Macroeconomic management (as stated by harry flashman) is just one feature of the laissez-faire or market system.
by Diego December 7, 2003
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Laissa is smart, kind and caring and she cares so much for others, and she is very emotional. She is Hispanic and her name is unique. She usually plans on getting revenge on her ex’s so better watch out. She can be mean when she wants to but she is the person that will always be there if you need her. She is not scared to confront anyone either. She can be shy at first but once you get to know her she can be crazy and let her inner self out. She is very brave and if you have a Laissa in your life Your the luckiest person in the world because she will treat you better than anyone else ever will, she can be a jealous type but she will treat you right she is loyal, and she keeps it 💯 with you that’s for sure. Don’t treat her like shit because she is too good for that.
by Sweetava December 2, 2018
Get the Laissa mug.it is the policy of non-interference. it is generally used by countries while dealing with each other.
by simple..... April 14, 2009
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The let-alone principles of fooseball.
Setting up your defensive fooseball players in a strategic position, switching both hands to offense, and letting your fooseball players handle the defense for you.
This situation is described as laissez-foose.
This situation is described as laissez-foose.
by Jon Peterson March 11, 2006
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