Laissez-Faire
Translation: "Allow to do."
—Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society.
—The origin of the term laissez-faire is uncertain. It is often said that it is derived from the answer Jean-Baptiste Colbert, comptroller general of finance under King Louis XIV of France, received when he asked industrialists what the government could do to help business: “Leave us alone.”
—Laissez-faire is a policy of minimum governmental interference in the economic affairs of individuals and society.
—The origin of the term laissez-faire is uncertain. It is often said that it is derived from the answer Jean-Baptiste Colbert, comptroller general of finance under King Louis XIV of France, received when he asked industrialists what the government could do to help business: “Leave us alone.”