laissez-faire

 
Pronunciation: /ˌlɛseɪˈfɛː, lɛsefɛʀ/

noun

[mass noun, usually as modifier]
  • the policy of leaving things to take their own course, without interfering: a laissez-faire attitude to life
  • Economics abstention by governments from interfering in the workings of the free market: laissez-faire capitalism

Derivatives

laissez-faireism

noun

Origin:

French, literally 'allow to do'