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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.
08/27/2015//. Also known as laissez fair, the delegating leadership style somewhat employs a hands-off approach, where the leader would place great responsibility on his subordinates, including lower-level managers and staff members, thus the French term, which means non-interference in other peopleâs affairs.