Meaning of the word laissez-faire in English

What does laissez-faire mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

laissez-faire

US /ˌleɪ.seɪˈfer/
UK /ˌleɪ.seɪˈfeər/
"laissez-faire" picture

Noun

the policy of leaving things to take their own course, without interfering; specifically, abstention by governments from interfering in the workings of the free market

Example:
The government's policy of laissez-faire led to rapid economic growth but also increased inequality.
In a pure laissez-faire system, there are no regulations on trade.

Adjective

characterized by a non-interfering or hands-off approach

Example:
She has a laissez-faire attitude toward parenting.
The manager's laissez-faire style allowed the team to be creative.