Laissez-faire
Definitions
2
Posts
2
Posters
131
Views
-
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.
-
unwillingness to get involved in or influence other peoples activities:
Explore More Definitions
Browse our collection of 300,000+ community-written definitions