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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.
Â· just now. Report Abuse. Laissez-faire means to let do, or to leave alone, and to allow events to take there own course. It's a french term, and it basically means that the government should intervene as little as possible with economic affairs. Melissa S Â· 6 years ago. Thumbs up.