Another Word For Laissez faire

Meaning

Laissez-faire is an economic and political philosophy that advocates for minimal governmental intervention in the affairs of individuals and society. The term primarily refers to an environment where businesses and economic activities operate freely, without excessive regulations or restrictions imposed by the government. The idea is that if people are allowed to pursue their interests without interference, it will lead to greater innovation, efficiency, and prosperity for everyone.

Synonyms

• Free enterprise
• Non-interference
• Hands-off approach
• Liberalism

Antonyms

• Interventionism
• Regulation
• Control
• State intervention

Etymology

The term "laissez-faire" is borrowed from French, literally meaning "let do" or "let go." It originated in the 18th century as part of the economic philosophy promoted by the Physiocrats, who advocated for free markets and minimal government interference in the economy.

Examples

1. The government's laissez-faire approach allowed the tech industry to flourish without excessive regulations.
2. Many economists argue that a laissez-faire economic policy stimulates growth and innovation.
3. In a laissez-faire market, businesses are free to set their prices and compete without government control.
4. While some support laissez-faire capitalism, others believe that regulation is necessary to protect consumers.