Laissez-faire

What is Laissez-faire?

1.

An economy or market with no regulation or restrictions on how the said market operates, thus allowing the most efficient allocation of a resources in an economy. The laissez-faire or 'market system' is the unplanned capitalist economic system. The extreme opposite is N.Korea, Cuba, China etc.

The 'passive' approach, or that of non-intervention to Macroeconomic management (as stated by harry flashman) is just one feature of the laissez-faire or market system.

See Diego

2.

Let it be!

Laissez-faire for now.

3.

Fr. Either a term meaning a policy of non-interference in economics or meaning an indolent homosexual.

Pierre, an economic adviser to the finance minister was going to propose a laissez-faire approach to the recession but was such a laissez-faire that he never got around to it.
37

Random Words:

W5
1. Who, What, Where, When and Why. Similar to asking the "411" or detailed information about an event. "Dude, gimme the W5..
Read more
Goosetard
1. A retarded epileptic goose that has the most spasticated fits while playing guitar in front of an audience. The fits occur mostly when h..
Read more
Grooming The Growler
1. To provide thorough oral services to the vaginal region; a synonym for giving oral pleasure to a woman, preferrably one who still sports..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free