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Definition of laissez-faire noun from the Oxford Advanced Learner's Dictionary

laissez-faire

noun
 
/ˌleseɪ ˈfeə(r)/
 
/ˌleseɪ ˈfer/
[uncountable] (from French)
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  1. the policy of allowing private businesses to develop without government controlTopics Moneyc2
    Word OriginFrench, literally ‘allow to do’.
See laissez-faire in the Oxford Advanced American Dictionary

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