laissez faire Meaning, Definition & Usage

  1. noun the doctrine that government should not interfere in commercial affairs
    individualism.

WordNet

Lais`sez" faire"
Etymology
F., let alone.
Definitions
  1. Noninterference; -- an axiom of some political economists, deprecating interference of government by attempts to foster or regulate commerce, manufactures, etc., by bounty or by restriction; as, the doctrine of laissez faire; the laissez faire system government.

Webster 1913