Government should refrain from intervening in the economy, leaving all major decisions to the individual business leaders.
Who is Adam Smith
Translated it approximately means "Let us be". The concept means limited or no interference by government in the affairs of individuals. This term is usually used to refer to economics but extends to philosophy also. Related to: Laissez Faire Capitalism Libertarianism Anarcho-Capitalism Austrian School of Economics
The phrase is "laissez faire" which is French and essentially means that the government should not interfere with the free market and let it do what it wants to do. In other words, it is a dog eat dog economy (pun intended).
Laissez -faire is a French term that means the avoidance of government control of the business and of the economy. This idea has been replaced with the term "free markets" which understands that government regulations on business to a certain extent are necessary for a wealthy and fair economy. The US economy can be described as a free market economy.
leh-say fair
Turkey
it means let people do as they choose
It is Frence and means "let it be" or "leave it alone".
laissez-faire
Laissez fair is just one of those topics that is vital that is going to demand experienced intervention on
Adam Smith
Bad working conditions