Laissez Faire
An economic theory from the 18th century that is strongly opposed to any government intervention in business affairs.
Sometimes referred to as "let it be economics." Investopedia Says:
People who support a laissez faire system are against minimum wages, duties, and any other trade restrictions.
Laissez faire is French for "leave alone." Related Terms:
Classical Economics
Crony Capitalism
Dismal Science
Economics
Invisible Hand
Keynesian Economics
Mercantilism |