Laissez-Faire

 What Is Laissez-Faire?

Laissez-faire is an economic theory from the 18th century that opposed any government intervention in business affairs. The driving principle behind laissez-faire, a French term that translates as "leave alone" (literally, "let you do"), is that the less the government is involved in the economy, the better off business will be - and by extension, society as a whole. Laissez-faire economics are a key part of free market capitalism.

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