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Word of the Day
: November 20, 2023
\less-ay-FAIR\ noun
What It Means
Laissez-faire refers to an economic policy or doctrine that allows businesses to operate with very little interference from the government. Laissez-faire is also used as an adjective, as in “laissez-faire capitalism,” and often figuratively used to mean “hands-off,” as in “she took a laissez-faire approach to managing her employees.”
// The newly-announced candidate is a strong advocate of laissez-faire.
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laissez-faire in Context
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