laissez faire

Meanings

Noun

• A policy of governmental non-interference in economic affairs.
• A policy of non-interference by authority in any competitive process.

Adjective

• Practicing or representing governmental noninterference, or minimal interference, especially in economic affairs; pertaining to free-market capitalism.
• Advocating such noninterference.
• Resulting from such noninterference.
• Avoiding interference in other people's affairs; choosing to live and let live.

Origin

• Borrowed from French laisser faire ("leave it be").