In French, laissez-faire means “leave alone.” In finance, laissez-faire refers to an economy or industry that is left to work on its own without the government making rules about what people can and can’t do.
Posts Tagged ‘free trade’
Laissez-faire is…
Monday, May 16th, 2011Free Trade is…
Wednesday, July 22nd, 2009Free trade is when countries can buy and sell goods with one another without any government barriers like tariffs or, at the extreme, an embargo. That doesn’t mean you get stuff for free, it just means the government isn’t adding any extra costs to your purchase.