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LAISSEZ FAIRE

LAISSEZ FAIRE. By Robbie Mcanelly. Part of speech. Noun. Definition. In general, laissez faire is defined as abstention from interference.

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LAISSEZ FAIRE

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  1. LAISSEZ FAIRE By Robbie Mcanelly

  2. Part of speech • Noun

  3. Definition • In general, laissez faire is defined as abstention from interference. • In regard to economics, laissez faire is defined as an economic environment in which transactions between private parties are free from government restrictions, tariffs, and subsidies with only enough regulations to protect property rights.

  4. Origin • Laissez faire is French and literally means “let them do,” but it broadly implies “let it be,” “let them do as they will,” or “leave it alone.”

  5. Context Sentence • Laissez faire is a branch of capitalism. • It is believed that a laissez faire, or completely free market, has never existed.

  6. Watch this! • http://www.youtube.com/watch?v=V6mV5WnT4t4

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