Laissez-faire (Adjective)
Meaning
With minimally restricted freedom in commerce.
Classification
All adjective clusters.
Examples
- The country adopted a laissez-faire economic policy, allowing businesses to operate with minimal government interference.
- In a laissez-faire system, the market is free to dictate prices and supply and demand without government intervention.
- Laissez-faire capitalism advocates for minimal government regulation of commerce, promoting a free market economy.
- The company thrived in the laissez-faire business environment, where it could make decisions without government restrictions.
- Critics argue that a laissez-faire approach to commerce can lead to exploitation and economic instability if left unchecked.