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laissez-fairean economic policy of minimum governmental interference in business and trade

Part of speech: NOUN

Definition: an economic policy of minimum governmental interference in business and trade

Pronunciation (IPA): /ˌleɪseɪˈfer/

Korean meaning: 자유방임주의 (정부가 경제에 최소한으로 개입하는 정책)

Korean pronunciation: 레이세**페어**

Example Sentences

  • The CEO's laissez-faire management style meant employees could work from a hammock if they wanted to.
  • Critics argue that laissez-faire economics can lead to inequality and market failures.
  • Her laissez-faire approach to cooking means dinner could be gourmet or disaster.

laissez-faire

NOUN

//ˌleɪseɪˈfer//

an economic policy of minimum governmental interference in business and trade

laissez-faire concept
💡 Concept

an economic policy of minimum governmental interference in business and trade

laissez-faire rhyme
🎵 Rhyme

Laissez-faire turns business affair unfair

🎤Pronunciation

🇺🇸 US/ˌleɪseɪˈfer/
🇬🇧 UK/ˌleseɪˈfeər/

🌳Etymology

Rootlaissez-faire

Origin

18세기 프랑스 경제학자들이 만든 표현으로, 정부가 상인들을 '내버려 두라'고 주장하며 탄생했습니다. 마치 프랑스 상인이 '우리 일에 손대지 마세요!'라고 외치는 모습을 상상해보세요.

🎵Rhyme

affairunfairdespair
affair
unfair
despair

🔗Collocations

laissez-faire capitalism
laissez-faire approach
laissez-faire policy
laissez-faire attitude
pure laissez-faire
laissez-faire economics

📝Examples

😄 Fun example

The CEO's laissez-faire management style meant employees could work from a hammock if they wanted to.

Critics argue that laissez-faire economics can lead to inequality and market failures.

😄 Fun example

Her laissez-faire approach to cooking means dinner could be gourmet or disaster.

The country adopted a laissez-faire trade policy to encourage foreign investment.

📚Related Words

Synonyms

free-marketnon-interventionisthands-offlibertarian

Antonyms

interventionistregulatedcontrolled

Related

capitalismderegulationfree-tradelibertarianismminimal-government

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