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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).
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoLaissez-faire economics refers to an economic system in which the government has little or no control over the economy. It is the opposite of a command economy.
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