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NAVIGATION BAR

Tuesday 2 April 2024

LAISSEZ-FAIRE || MEANING & USE

LAISSEZ-FAIRE

The French expression, “laissez faire”, means “let people do as they choose”. In economics, it refers to limited government intervention and control. 

For example, 

“In a laissez-faire economic system, private businesses are free to make their own decisions about production, pricing, and trade without government interference.” 

And in a social context, it can be used to refer to individual freedom. 

For example, 

“A laissez-faire parenting style involves giving children a lot of freedom and autonomy to make their own choices with minimal guidance or supervision from parents.” 

"The professor's laissez-faire teaching method allowed students to explore topics of interest at their own pace."

"The restaurant owner embraced a laissez-faire management style, trusting employees to handle daily operations with minimal supervision."

That's it for today. Until next time, this is RB, signing off.


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