laissez-faire economics


A term applied to economic principles that support a non-interventionist approach to capitalism to allow for self-interest and competition drive efficiencies in the market. A French phrase translated as "leave it be", adopted by 18th century economists to describe a position against government regulations and taxation which restrains economic activity.

Use this term in a sentence

Me and my friend studied laissez-faire economics in school and wondered what was the difference between it and different kinds of economics.

​ Was this Helpful? YES  NO 2 people found this helpful.

The laissez-faire economics strategy was supported by the libertarians who believed in the free market and capitalism bringing out the best of people.

​ Was this Helpful? YES  NO 5 people found this helpful.

Laissez-faire economics was a part of the Senator's ideology, and she advocated for the deregulation of the oil and gas industries to better adhere to laissez-faire economics.

​ Was this Helpful? YES  NO 4 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
laissez-faire LAK