Laissez-faire
ABSTENTION BY GOVERNMENTS FROM INTERFERING IN THE WORKINGS OF THE FREE MARKET
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Laissez-faire ( ; from , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, laissez-faire rests on the following axioms: "the individual is the basic unit in society, i.