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Laissez-faire
Term category: Economics
In 10 words or less: An economic theory that opposes government intervention.

Definition: This is an economic idea that the government shouldn't be involved in business affairs. The term is French for "Let it be."

StockJargon Advice: Laissez-faire supporters believe the government shouldn't have much of a role in business. This includes no trade restrictions, no corporate regulations, and no minimum wage laws.

Laissez-faire economics tends to be supported by conservatives.

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