What does Laissez Faire Mean?

Laissez faire is a theory or government system that proposes that the government should keep minimal intervention with the economic affairs of a country. It is a French word meaning ‘to allow.’ This theory believes that the economic and commercial entity should work independently from the government to prevent theft and monopoly. Laissez faire stresses upon creating a free market that will allow the suppliers and purchasers an efficient exchange. Look here for more information: