Home > Terms > Albanian (SQ) > Laissez faire

Laissez faire

An economic theory based upon the ideas of Adam Smith, it contended that in a free economy self interest would lead individuals to act in ways that benefited society as a whole and therefore government should not intervene.

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

vasabra
  • 0

    Terms

  • 0

    Blossaries

  • 2

    Followers

Industry/Domain: Fruits & vegetables Category: Fruits

kastravec

A long, green, cylinder-shaped member of the gourd family with edible seeds surrounded by mild, crisp flesh. Used for making pickles and usually eaten ...

Contributor

Featured blossaries

Mental Disorders

Category: Health   3 20 Terms

African Women in Politics

Category: Politics   1 15 Terms