Laissez-faire ( LESS-ay-FAIR, from French: laissez faire [lɛse fɛːʁ] , lit. 'let do') implies that nothing restricts what happens, irrespective of the potential consequences. In the financial area, it is a type of economic system in which transactions between private individuals are free from any form of economic interventionism (such as subsidies or regulations).
Laissez-faire ( LESS-ay-FAIR, from French: laissez faire [lɛse fɛːʁ] , lit. 'let do') implies that nothing restricts what happens, irrespective of the potential consequences. In the financial area, it is a type of economic system in which transactions between private individuals are free from any form of economic interventionism (such as subsidies or regulations).
Source: Wikipedia "Laissez-faire" · CC BY-SA 4.0
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