Laissez faire: What are some countries that practice laissez

What are some countries that practice laissez - faire principles? Answer: Countries like the United States, Singapore, and Switzerland incorporate laissez - faire principles by promoting free markets, private enterprise, and limited government intervention. The meaning of LAISSEZ-FAIRE is a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. How to use laissez-faire in a sentence. Did you know? Laissez-faire is a French phrase that translates to allow to do. It refers to a political ideology that rejects the practice of government Laissez-faire economics is defined as a situation with minimal government intervention. Under laissez-faire , governments and regulators ‘leave alone’ private firms to allow them to make decisions about production and output. In particular, laissez-faire involves zero / minimal government intervention on issues such as regulation, taxes and tariffs. Comparison between Laissez-Faire economics and social democracy