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Usage explanations of natural written and spoken English. The adjective form laissez-faire is used to describe people or things that engage in this practice or that are based on this theory, such as a laissez-faire economy.
These terms are especially associated with economics. In this context, they refer to systems in which there are few regulations and little government oversight of how business is conducted.
Supporters of free enterprise typically advocate for laissez-faire policies. In contrast, most governments create regulations or provide oversight with the intention of trying to keep the economy fair.
The terms can be used more generally in everyday life in the context of people who use laissez faire as an approach to dealing with a situation or who have a laissez-faire attitude. This typically involves a person letting things happen without getting involved. Example: The head of the franchise was known for her philosophy of laissez faire, usually letting the head coach make most of the decisions about the team. The first records of the term laissez faire come from around Allowing people and businesses to act in the way that they believe best suits their interests is the basis of any system considered to be an example of laissez faire.
At the time, many French economists thought the king should leave businesses alone and not regulate them. Though laissez-faire economics are rare in practice, at least on a wide scale, the theory still has many proponents. It is a central focus of libertarianism.
What are some other forms related to laissez faire? What are some words that share a root or word element with laissez faire? Laissez faire is most commonly used in the context of economics, but it can be used in everyday life to refer to a hands-off approach to something.
The adjective form laissez-faire is more commonly used. Full Definition of laissez-faire. Other Words from laissez-faire laissez-faire adjective. First Known Use of laissez-faire , in the meaning defined at sense 1. History and Etymology for laissez-faire French laissez faire , imperative of laisser faire to let people do as they choose.
Learn More About laissez-faire. Share laissez-faire Post the Definition of laissez-faire to Facebook Share the Definition of laissez-faire on Twitter. Time Traveler for laissez-faire The first known use of laissez-faire was in See more words from the same year. Listen to Our Podcast About laissez-faire. Get Word of the Day delivered to your inbox! Sign Up. From the Editors at Merriam-Webster.
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