How Do You Spell LAISSEZ-FAIRE?

Pronunciation: [lˈe͡ɪsɛzfˈe͡ə] (IPA)

The spelling of the French phrase "laissez-faire" may seem tricky to English speakers, but it is actually quite straightforward when broken down phonetically. The correct pronunciation is /lɛsefɛr/, with the first syllable sounding like "less", the second syllable like "fay", and the final syllable like "air". The word, which means a hands-off or non-interfering approach to economics or politics, is commonly used in English and should be spelled with two S's and a Z. Don't be intimidated - just remember to let laissez-faire work its magic!

LAISSEZ-FAIRE Meaning and Definition

  1. Laissez-faire is an economic concept derived from French, meaning "let do" or "leave alone." It refers to a free-market economic system where the government has minimal intervention and allows individuals and businesses to operate without interference or regulation.

    In this system, individuals or private entities have the freedom to own and control means of production, make voluntary transactions, and determine prices without government interference. It emphasizes the belief that individuals acting in their own self-interests will lead to the most efficient allocation of resources and overall economic growth.

    Laissez-faire economics promotes free trade, minimal taxation, and limited government intervention in areas such as regulation, subsidies, or trade unions. Its proponents argue that its principles encourage competition, innovation, and individual liberty.

    Critics of laissez-faire argue that it can lead to a concentration of wealth, inequality, and exploitation due to the absence of regulations. They assert that some government intervention is necessary to protect public interests, provide social welfare, and ensure fair competition.

    Overall, laissez-faire represents a theoretical economic approach that advocates for limited government involvement in the economy, leaving it primarily to the forces of supply and demand in a free-market system.

Common Misspellings for LAISSEZ-FAIRE

  • kaissez-faire
  • paissez-faire
  • oaissez-faire
  • lzissez-faire
  • lsissez-faire
  • lwissez-faire
  • lqissez-faire
  • laussez-faire
  • lajssez-faire
  • lakssez-faire
  • laossez-faire
  • la9ssez-faire
  • la8ssez-faire
  • laiasez-faire
  • laizsez-faire
  • laixsez-faire
  • laidsez-faire
  • laiesez-faire
  • laiwsez-faire
  • laissezfare

Etymology of LAISSEZ-FAIRE

The word "laissez-faire" is a French term that translates to "let do" or "let it be" in English. Its etymology can be traced back to the 17th century, particularly to the economic theories of the Physiocrats, a group of French economists led by François Quesnay.

The term "laissez-faire" was first coined in the late 18th century by Vincent de Gournay, an influential French economist and mentor to Quesnay. Gournay used the phrase to summarize the philosophy of the Physiocrats, who believed in limited government intervention in economic affairs.

The concept of laissez-faire economics gained further prominence through the works of Adam Smith and his influential book "The Wealth of Nations" published in 1776.

Idioms with the word LAISSEZ-FAIRE

  • laissez-faire Laissez-faire is an economic system or policy of allowing businesses to operate with very little interference from the government, often associated with a hands-off approach or a lack of regulation, supervision, or control. It can also refer to a general attitude of non-interference or indifference towards something.

Similar spelling words for LAISSEZ-FAIRE

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