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
Get the laissez-faire mug.If you know a Laisha KEEEEP HERRRR. She is insanley trustworthy and a great friend overall. She is SO PRETTY EVEN IF SHE DENYS IT. She might doubt herself a lot but let her know that she’s AMAZING. Laisha can loose feelings really fast but remind her that not everyone is the same. She is also the baddest bitch you will know. Just trust me, keep Laisha as your friend.
by abbeyyyy February 27, 2020
Get the Laisha mug.She is very smart and beautiful. And a godess at sex. She is everyone's best friend.But she always falls for an Andrew. She is very artistic. And always makes her friends smile whenever they r down.
by Issy1012 March 12, 2017
Get the lakiesha mug.formally known as queer lakes, deer lakes is filled with two faced sluts who can’t keep their hands to themselves. unlike every other school, the football team is awful. i’m talking dreadfully awful. i heard students wanted to save their money from the football tickets to buy air pods. if you’re lucky, if you go to deer lakes you won’t run into the hicks (tbh they are pretty scary). but you know you met the heart of deer lakes if you talk to the want to be models and the cocky football players who think that they are all that.
have you ever been to deer lakes?
no, i’ve only been to queer lakes. i talked to the hicks and ran away.
no, i’ve only been to queer lakes. i talked to the hicks and ran away.
by slitherysnake69 January 24, 2019
Get the Deer Lakes mug.Nate: Why are there fake testicles hanging from the back end of that man's small Toyota pick-up?
Josh: Dude, he's totally lakin' it.
Josh: Dude, he's totally lakin' it.
by clndstn June 27, 2008
Get the Lakin' it mug.by creator of lajs/leis/lais November 2, 2010
Get the Lajs /leis/lais/lejs mug.The Lakin Hospital is located on Route 62, just a few minutes out of town from Point Pleasant, WV. It was built circa 1924, and was used as an insane asylum, a school, and a home for colored boys. It was closed down in 1956, but I believe it was used as office space until about 1970. It is now a delapidated ruin, sitting in the middle of an open field. It is said that many horrible things went on inside of these walls, ie. lobotomies and such. It is said that the black boys housed here were abused in every way imaginable. This place is one of the most well-known haunted places in the area, and many of the locals and even out of towners visit it on a regular basis. It is a spooky building in the daytime, but at night it is down right scary. Voices and cold spots are common place in stories from those who dare to venture inside. The Mothman, another local legend, is said to have been sighted nearby in the TNT area of Point Pleasant, but that's another story. All in all, this is one spooky part of West Virginia.
by DD Dawg November 10, 2008
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