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Vacations in Europe can lead to a Laissez Faire attitude back home.
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it is the policy of non-interference. it is generally used by countries while dealing with each other.
india agreed to sign the agreement if laissez faire will be provided in terms of democratic issues
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An economy or market with no regulation or restrictions on how the said market operates, thus allowing the most efficient allocation of a resources in an economy. The laissez-faire or 'market system' is the unplanned capitalist economic system. The extreme opposite is N.Korea, Cuba, China etc.
The 'passive' approach, or that of non-intervention to Macroeconomic management (as stated by harry flashman) is just one feature of the laissez-faire or market system.
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No government interference with business or personal life.
A laissez- faire was ordered during the time of the war of 1812.
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(les-ey fair; Fr. le-sey fer)
1. the theory that government should intervene as little as possible in the direction of economic affairs.
2. As present in the U.S. as free-trade and capitalism
"America isn't a true capitalist nation. What ever happened to laissez fair and free-trade?"
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Fr. Either a term meaning a policy of non-interference in economics or meaning an indolent homosexual.
Pierre, an economic adviser to the finance minister was going to propose a laissez-faire approach to the recession but was such a laissez-faire that he never got around to it.
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