Laissez-faire
Criticism
In modern economics laissez-faire typically has a bad connotation, which hints towards a perceived need for restraint due to social needs and securities that can not be adequately responded to by companies with just a motive for making profit.
Laissez-faire
Laissez-faire ( LESS-ay-FAIR, from French: laissez faire [lɛse fɛːʁ] , lit. 'let do') implies that nothing restricts what happens, irrespective of the potential consequences.
Laissez-faire
In the financial area, it is a type of economic system in which transactions between private individuals are free from any form of economic interventionism (such as subsidies or regulations).
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