The Collaborative International Dictionary
Laissez faire \Lais`sez" faire"\n. [F., let alone.] Noninterference; -- an axiom of some political economists, deprecating interference of government by attempts to foster or regulate commerce, manufactures, etc., by bounty or by restriction; as, the doctrine of laissez faire; the laissez faire system of government.
Wiktionary
a. 1 (context economics politics English) Practicing or representing governmental noninterference, or minimal interference, ''especially'' in economic affairs; pertaining to free market capitalism. 2 (context economics politics English) Advocating such noninterference. 3 (context economics English) Resulting from such noninterference. 4 (context of a person English) Avoiding interference in other people's affairs; choosing to live and let live. n. 1 (context economics English) A policy of governmental non-interference in economic affairs. 2 A policy of non-interference by authority in any competitive process.
WordNet
n. the doctrine that government should not interfere in commercial affairs [syn: individualism]
Usage examples of "laissez faire".
I doubt you ever met a woman who believed in the real laissez faire capitalist system.