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laissez faire

laissez faire (laisser faire)

 
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.
definition 2: the belief in or a policy of not interfering in the lives or activities of others.
derivation: laissez-faire (laisser-faire) (adj.)