The average value of Virginia real estate was $5,000 per acre in 2008, compared to $4,900 in 2007. In West Virginia, real estate value climbed by $200 per acre in 2008, to $2,500 per acre from $2,300 per acre.
Definition. Laissez faire is the belief that economies and businesses function best when there is no interference by the government. It comes from the French, meaning to leave alone or to allow to do. It is one of the guiding principles of capitalism and a free market economy.
What does this have to do with laissez-faire? With this freedom from the burden of government people strive to be the best they can be, individuals will be happier and so will society. The poor will become middle class relatively fast with laissez-faire. Laissez faire means âlet doâ translated from French or âlet it beâ.