laissez faire: Meaning and Definition of
Pronunciation: (les"ā fâr' Fr. le&sylpsā fer'), [key]
- the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs.
- the practice or doctrine of noninterference in the affairs of others, esp. with reference to individual conduct or freedom of action.
Pronunciation: (les"ā-fâr' Fr. le-sā-fer'), [key]
- of, pertaining to, or conforming to the principles or practices of laissez faire.