Laissez faire meaning: Laissez - faire is a French phrase

Laissez - faire is a French phrase meaning unwillingness to get involved in or influence other people's activities. It is also an economic theory or plan that favors free markets and minimal 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. 2 meanings : 1. a. Also called: individualism the doctrine of unrestricted freedom in commerce, esp for private interests b. (as.... Click for more definitions. Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society . The doctrine of laissez-faire is usually associated with the economists known as Physiocrats, who flourished in France from about 1756 to 1778.