laissez faire: Meaning and Definition of

lais•sez faire

1. the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs.
2. the practice or doctrine of noninterference in the affairs of others, esp. with reference to individual conduct or freedom of action.

lais•sez-faire

1. of, pertaining to, or conforming to the principles or practices of laissez faire.