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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.
Conversely, Laissez-faire Leadership is a style in which the leader provides little or no direction or supervision, and prefers to take a hands-off approach. Â© 2014 AANAC. No part of this publication may be reproduced without written permission from AANAC. The information presented is informative and does not constitute direct legal or regulatory advice. 8 Management by Walking Around: Leadership Style Defined.