What is Laissez-faire ?

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What is Laissez-faire ?

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William 2 years 1 Answer 373 views Silver 0

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  1. William
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    August 28, 2018 at 1:39 PM
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    Laissez-faire is non-interference of Governmant in eco-nomic affairs.

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    As per Wikipedia ” Laissez-faire is an economic system in which transactions between private parties are free from government interference such as regulations, privileges, tariffs, and subsidies. The phrase laissez-faire is part of a larger French phrase and literally translates to “let (it/them) do”, but in this context usually means to “let go”.

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