WORLD HISTORY

Detailed explanation-1: -laissez faire Add to list Share. From the government allowing the business world to set its own course to your babysitter who let you do whatever you wanted-if something is laissez faire, it’s “hands off."

Detailed explanation-2: -Laissez-faire means “leave it alone.” Usually it describes the economic policy of a government that stresses non-interference in business.

Detailed explanation-3: -: a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.

Detailed explanation-4: -It’s a French term that translates to “allow to act, ‘’ “let (them) act, ‘’ or “let (people) do (as they choose).” Allowing people (and businesses) to act in the way that they believe best suits their interests is the basis of any system considered to be an example of laissez faire.

Detailed explanation-5: -Laissez faire is the belief that economies and businesses function best when there is no interference by the government. It comes from the French, meaning to leave alone or to allow to do.