laissez-faire
Laissez-faire (noun) means the principle that governments should interfere as little as possible in business and the economy, leaving markets to regulate themselves. Example: “Nineteenth-century laissez-faire left factory conditions almost entirely unpoliced.”
How to use laissez-faire
Learner’s notesIn plain EnglishLeaving people alone to get on with it instead of stepping in.
Formal in the economic sense, neutral in the everyday one. Usually hyphenated in English and no longer italicised.
Keep the z: laissez, not laisser, in the English spelling, and pronounce it roughly less-ay fair.
Trace the full origin ↓Fill the gap
Can you complete this real example?
Nineteenth-century _____ left factory conditions almost entirely unpoliced.
Etymology
From French laissez faire, "let (them) do" — from a longer phrase urging governments to leave commerce alone.