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laissez faire (laisser faire)
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- pronunciation:
- le
seI
fer
| part of speech: |
noun |
| definition 1: |
an economic policy or doctrine that opposes government interference in or regulation of business or commerce beyond what is necessary for a free-enterprise system to regulate itself.
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| definition 2: |
the belief in or a policy of not interfering in the lives or activities of others.
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| related words: |
capitalism, competition |
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| derivation: |
laissez-faire (laisser-faire) (adj.) |
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