English / word
laissez-faire
noun C1MEANING IN ENGLISH
A policy of minimal government intervention in economic affairs and commercial enterprise.
In context
01
Proponents argue that laissez-faire policies encourage competitive innovation and enterprise.
02
Laissez-faire policies encourage private enterprise.
Synonyms
free-market capitalism,non-interventionism,free enterprise
Antonyms
interventionism,state regulation,protectionism
Collocations
laissez-faire capitalism,laissez-faire approach,laissez-faire doctrine