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The most common usage of the term is in economics, where it has the meaning (or synonym if you will) of 'unrestrained capitalism'. That is, unrestrained by any form of Government regulation apart from (some) regulation regarding the protection of property.
Around the time of the Great Depression it became clear that the axiom 'what is good for business is good for society' did not always apply. Most Western countries including the USA then opted for a so-called mixed economy, a combination of free enterprise and Government regulation, plus the establishment of a number of supervisory bodies, especially in the fields of finance and consumer protection.
indifference
do-nothing policy, for the most, free enterprise, free hand, inaction, indifference, individualism, live and let live, neutrality, nonintereference, nonrestriction, permissiveness
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What is a sentence for the term laissez-faire?
The government's policy concerning religion has a laissez faire quality.His laissez-faire attitude shows how little he cares about life.The laissez faire policies of Coolidge and the Republicans are often blamed for the Great Depression.The mayor seemed to take a laissez faire attitude toward the casinos in his town.
What is laissez faire system?
The term laissez faire refers to letting the market be, and can also be called "let it be economics. "A laissez faire system would be in effect with little government intervention in business affairs.
What is let-it-be capitalism also called?
The term more often used for such a form of capitalism is LAISSEZ-FAIRE ECONOMICS.
How is laissez-faire related to capitalism?
Laissez faire is a French term meaning "allow to do." In economic terms this refers to the absence of government regulation of financial transactions.
With which form of economy is the term laissez faire associated?
Capitalist economy
What word is a synonym for the term for laissez faire?
Indifference
What is a sentence for the term laissez-faire?
The government's policy concerning religion has a laissez faire quality.His laissez-faire attitude shows how little he cares about life.The laissez faire policies of Coolidge and the Republicans are often blamed for the Great Depression.The mayor seemed to take a laissez faire attitude toward the casinos in his town.
What is it called when the government takes a hands off approach to businesses?
In certain situations the term of laissez-faire is used. That however is a term for economic policies of 18th and 19th centuries. Currently, a better term for less government regulations can be lower rates of taxation and less regulation when it comes to describing economic policy.
What term BEST describes the U.S. government's policies towards businesses in the late 19th century?
laissez-faire
What is laissez faire system?
The term laissez faire refers to letting the market be, and can also be called "let it be economics. "A laissez faire system would be in effect with little government intervention in business affairs.
What is let-it-be capitalism also called?
The term more often used for such a form of capitalism is LAISSEZ-FAIRE ECONOMICS.
How is laissez-faire related to capitalism?
Laissez faire is a French term meaning "allow to do." In economic terms this refers to the absence of government regulation of financial transactions.
With which form of economy is the term laissez faire associated?
Capitalist economy
What was the Term for companies operating without government interference?
laissez-faire
Which term is most similar to the idea of free enterprise?
laissez-faire
What is a non examples of laissez faire?
Communism is a non-example of laissez-faire.
Which term refers to an system in which the government has as little involvement as possible?
laissez-faire
