LAISSEZ-FAIRE


Meaning of LAISSEZ-FAIRE in English

transcription, транскрипция: [ ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā- ]

noun

Etymology: French laissez faire, imperative of laisser faire to let (people) do (as they choose)

Date: 1825

1. : a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights

2. : a philosophy or practice characterized by a usually deliberate abstention from direction or interference especially with individual freedom of choice and action

• laissez-faire adjective

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.