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Word: laissez faire
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Meaning:
Adjective:
- of a person Avoiding interference in other people's affairs; choosing to live and let live.
- politics Advocating such noninterference.
- politics Practicing or representing governmental free-market capitalism.
- economics Resulting from such noninterference.
Source: Wiktionary
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Noun:
- A policy of non-interference by authority in any competitive process.
- economics A policy of governmental non-interference in economic affairs.
Source: Wiktionary
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