laissez faire

I don't give a fuuuuuuck



laissez faire
it is the policy of non-interference. it is generally used by countries while dealing with each other.
Example:
india agreed to sign the agreement if laissez faire will be provided in terms of democratic issues


laissez-faire
An economy or market with no regulation or restrictions on how the said market operates, thus allowing the most efficient allocation of a resources in an economy. The laissez-faire or 'market system' is the unplanned capitalist economic system. The extreme opposite is N.Korea, Cuba, China etc.
Example:
The 'passive' approach, or that of non-intervention to Macroeconomic management (as stated by harry flashman) is just one feature of the laissez-faire or market system.


Laissez fair
(les-ey fair; Fr. le-sey fer)
1. the theory that government should intervene as little as possible in the direction of economic affairs.

2. As present in the U.S. as free-trade and capitalism

Example:
"America isn't a true capitalist nation. What ever happened to laissez fair and free-trade?"


laissez-faire
Fr. Either a term meaning a policy of non-interference in economics or meaning an indolent homosexual.
Example:
Pierre, an economic adviser to the finance minister was going to propose a laissez-faire approach to the recession but was such a laissez-faire that he never got around to it.


laissez faire pimping
n. Describes a person that is able to get many girls without actively pursuing. The pimp is able to let the ladies come to him by being desirable at their first meeting.
Example:
Mat, practicing laissez faire pimping, scored many girls with little effort.


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