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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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.A bipolar random fun person with crazy as their normality. Noticing the most smallest things about a person, they are a great person to go when sad or feeling down. A lot of the times, they are sad themselves, but because of their bipolar personalities, you won't ever most likely to tell unless you know them REALLY well! They are great partners and is always there when you need them. They only trust very few people and don't have major friend circles. Friendly on the outside, pouring hate on the inside. They can also be very straightforward even though they might not mean to. Don't ever reject a lamisa cause they're one of a kind. They can love you but they won't afraid to shoot you either! Their outgoing sense also helps when coming in contact with one because they don't judge and are more acceptable of people.
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