laissez faire

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laissez faire

The government adopts a laissez faire approach to the new technology sector.

Definition
  1. Noun:
    • An economic doctrine or policy of non-interference: "laissez faire" refers to the principle that governments should refrain from intervening in or regulating commercial and economic affairs, allowing market forces to operate freely.
Usage Examples
  • Noun:
    • The country's economic policy was based on strict laissez faire.
    • Advocates of laissez faire argue that minimal government intervention leads to greater economic efficiency.
Advanced Usage

  • "laissez-faire attitude/approach": A general attitude of non-interference, often extended beyond economics to describe a hands-off style in management, parenting, or other areas.

    • The manager's laissez-faire approach meant employees had great autonomy but little direction.

  • "laissez-faire capitalism": An economic system characterized by private ownership and minimal government regulation.

    • The era was marked by laissez-faire capitalism and rapid industrial growth.
Variants and Related Words

  • Laissez-faire (adjective): Used to describe a policy or attitude of non-interference.

    • He has a laissez-faire management style.

  • Laissez-faireism (noun, less common): The principles or system of laissez faire.

Synonyms
  • Free-market: Relating to an economic system with little government control.
  • Non-intervention: The principle or practice of not becoming involved in the affairs of others.
  • Free enterprise: An economic system where private business operates with minimal government restriction.
Antonyms
  • Statism: A political system where the state has substantial control over social and economic affairs.
  • Interventionism: The policy or practice of intervening, especially by a government in its domestic economy or by one country in the affairs of another.
  • Regulation: A rule or directive made and maintained by an authority to control an activity.
Related Idioms and Phrases
  • "Hands-off approach": A method of management or governance involving minimal direct involvement or interference. This phrase is conceptually similar to the attitude described by "laissez faire."
    • The principal took a hands-off approach, trusting the teachers to run their classrooms.
laissez faire

The government adopts a laissez faire approach to the new technology sector.

Noun
  1. the doctrine that government should not interfere in commercial affairs

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