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The term comes form the French words "laissez faire" which means "let/permit doing". (I.e. someone should permit someone else to do what they want.)
It has come to a political term advocating for a minimal governmental policy. Some aspects of a laissez-faire policy is lessening or no taxation of all citizens. It also advocates for minimal interference possible with business, both in the creation of national business, the nationalization of private industries, the taxation or regulation of private industries, or any attempt to direct the intentions of private industrialists
The government should interfere as little as possible with business.(apex)
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoThe term is French for “Let (people) do (as they choose).” It is also expressed as free enterprise.
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