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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.
Dual federalism was used in the U.S. under Jacksonian democracy (Andrew Jackson), emphasizing local autonomy and individual liberty. After the Civil War, the federal government increased power and moved away from dual federalism. Key Terms laissez-faire: an economic environment in which transactions between private parties are free from tariffs, government subsidies, and enforced monopolies with only enough government regulations sufficient to protect property rights against theft and aggression.