English-Greek translations for laissez faire
Definition of laissez faire
- A policy of governmental non-interference in economic affairs
- Practicing or representing governmental noninterference, or minimal interference, ''especially'in economic affairs; pertaining to free market|free-market capitalism
- Advocating such noninterference
- Resulting from such noninterference
- Avoiding interference in other people's affairs; choosing to live and let live
Examples
- I think the city should take a laissez faire approach to this; getting involved would only make things worse.
- The Senator claims to be laissez faire, but he voted in favor of the subsidies.
- The price ceiling was well below the laissez faire price that demand would have supported, so there were always shortages.
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