laissez-faire
🇺🇸
/ˌleseɪ ˈfer/
🇬🇧
/ˌleseɪ ˈfeə(r)/
noun
R
A situation where the government allows businesses to operate without much control or rules.
In a laissez-faire economy, businesses can make their own decisions without much government interference.
translation
A situation where the government allows businesses to operate without much control or rules.
Word Forms
Plural
laissez-faires