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.


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