ENTREPRENEURSHIP

Detailed explanation-1: -Laissez-faire leadership takes a hands-off approach to leadership and gives others the freedom to make decisions. While leaders still provide their teams with the resources and tools they need to succeed, they remain largely uninvolved in the day-to-day work.

Detailed explanation-2: -Often referred to as hands off leadership, the style is the opposite of the autocratic leadership type. Hands off leaders focus mostly on delegating tasks to team members while providing little to no supervision.

Detailed explanation-3: -Instead laissez-faire leaders let their employees use their creativity, resources, and experience to help them meet their goals. This kind of leadership is very hands-off-managers trust their employees and are confident in their abilities.

Detailed explanation-4: -Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention. The theory of laissez-faire was developed by the French Physiocrats during the 18th century. Laissez-faire advocates that economic success is inhibited when governments are involved in business and markets.