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Laissez faire is the economic policy of a free market economy, this means a lot of competition between companies and very little government intervention in the economy. 2 people found this useful. Edit.
What is 'Laissez-Faire' Laissez-faire is an economic theory that became popular in the 18th century. The driving principle behind laissez-faire, a French term that translates as leave alone (literally, let you do), is that the less the government is involved in the economy, the better off business will be â and by extension, society as a whole. Laissez-faire economics are a key part of free market capitalism. BREAKING DOWN 'Laissez-Faire'