• 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.


    Laissez-faire meaning & definition 1 of Laissez-faire.


  • unwillingness to get involved in or influence other peoples activities:

    Laissez-faire meaning & definition 2 of Laissez-faire.

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