it is the policy of non-interference. it is generally used by countries while dealing with each other.
india agreed to sign the agreement if laissez faire will be provided in terms of democratic issues
by simple..... April 14, 2009
Get the laissez faire mug.
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.
No government interference with business or personal life.
A laissez- faire was ordered during the time of the war of 1812.
by Brian A. January 19, 2007
Get the laissez- faire mug.
(les-ey fair; Fr. le-sey fer)
1. the theory that government should intervene as little as possible in the direction of economic affairs.

2. As present in the U.S. as free-trade and capitalism

"America isn't a true capitalist nation. What ever happened to laissez fair and free-trade?"
by kdiz930 January 28, 2009
Get the Laissez fair mug.
Fr. Either a term meaning a policy of non-interference in economics or meaning an indolent homosexual.
Pierre, an economic adviser to the finance minister was going to propose a laissez-faire approach to the recession but was such a laissez-faire that he never got around to it.
by harry flashman July 8, 2003
Get the laissez-faire mug.