noun
laissez-faire principle
Economic and political term for minimal government intervention. Often used in discussions of free-market policies. The loanword レッセフェール is a common synonym.
See also: レッセフェール
自由放任主義は、政府の市場介入を最小限に抑える考え方だ。
Laissez-faire is a philosophy that minimizes government intervention in the market.
19世紀のイギリスでは自由放任主義が経済政策の主流だった。
In 19th-century Britain, laissez-faire was the mainstream economic policy.