What does "laissez faire" mean and what language is that?

Answer by  Ateen (37)

"Laissez faire" is a French term, normally referring to government, which is translated as "let do" or more commonly "leave alone" or "let it be." This term is used to describe an environment in which transactions between private parties are free from state or government interventions including restrictive regulations,taxes, tariffs and enforced monopolies.

Answer by  webbbb (95)

The term laissez-faire is French and in broadly implies 'let it be'. Basically it means noninterference in the affairs of others. It has come to define an economic doctrine that opposes governmental regulation of or interference in commerce beyond the minimum necessary for a free-enterprise system to operate according to its own economic laws.