laissez-faire economy

laissez-faire economy
/ˌleseɪ 'feər ɪˌkɒnəmɪ/ noun
an economy where the government does not interfere because it believes it is right to let the economy run itself

Dictionary of banking and finance. 2015.

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  • laissez-faire economy — an economic system in which all or most of the means of production are privately owned and operated (usually through employing wage labour, and for profit), and in which the investment of capital and the production, distribution and prices of… …   Mini philosophy glossary

  • laissez-faire economy — noun an economy that relies chiefly on market forces to allocate goods and resources and to determine prices • Syn: ↑market economy, ↑free enterprise, ↑private enterprise • Ant: ↑non market economy (for: ↑market economy) …   Useful english dictionary

  • laissez-faire economy — /ˌleseɪ feər ɪˌkɒnəmɪ/ noun an economy where the government does not interfere because it believes it is right to let the economy run itself …   Marketing dictionary in english

  • laissez-faire economy — An economy in which government intervention is kept to a minimum and market forces are allowed to rule. The term, attributed to the French merchant J. Gourlay (1712 59), is best translated as let people do as they think best . See free… …   Big dictionary of business and management

  • laissez-faire — laissez faireism, n. /les ay fair /; Fr. /le say ferdd /, adj. of, pertaining to, or conforming to the principles or practices of laissez faire. Also, laisser faire. [1815 25] * * * (French; allow to do ) Policy dictating a minimum of… …   Universalium

  • laissez-faire — lais‧sez faire [ˌleseɪ ˈfeə, ˌleɪ ǁ ˈfer] also laisser faire noun [uncountable] ECONOMICS the idea that governments should do as little to the economy as possible and allow private business to develop without the state controlling or influencing… …   Financial and business terms

  • Laissez-faire — Dablink|The use of the term laissez faire can refer to hands off, let alone, or let pass or let it be attitude for matters outside of economics. [As well as being used in economic management, and is used in the song Plans by Bloc Party also the… …   Wikipedia

  • laissez-faire — lais|sez faire1 [ ,leseı fer ] adjective 1. ) only before noun laissez faire policies allow companies and the economy to operate without government control 2. ) a laissez faire attitude is one in which you do not get involved in other people s… …   Usage of the words and phrases in modern English

  • laissez-faire economics — An approach to economics that asserts the importance of the free, competitive market of individual suppliers and individual purchasers to the efficient production, distribution, and allocation of goods and services as well as to the maximization… …   Dictionary of sociology

  • laissez-faire — lais|sez faire laisser faire [ˌleseı ˈfeə, ˌleı US ˈfer] n [U] [Date: 1800 1900; : French; Origin: allow to do ] 1.) the principle that the government should allow the ↑economy or private businesses to develop without any state control or… …   Dictionary of contemporary English

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