2006-09-10 11:18:54 · 7 answers · asked by Anonymous in Arts & Humanities ➔ History
I think you mean laissez-faire. It is from the French meaning "leave alone" and refers to free trade and the unhampered operation of economic markets i.e. free markets.
Free market principles are a central tenet or economic theory and much of the economic history of the last two centuries can be written in terms of the clash between laissez-faire principles and tariffs and protectionism.
2006-09-10 11:24:31 · answer #1 · answered by Anonymous · 3⤊ 0⤋
No significance whatsoever!! Now, if you asked, "What is the significance of Laissez-Faire"?, well then, there's a helluva lot of significance, historically and currently. Maybe now that I've spelled it correctly for you, you can go look it up in a dictionary, encyclopedia, school textbook or even online. God Bless you.
2006-09-10 11:25:56 · answer #2 · answered by ? 7 · 0⤊ 2⤋
The correct script is "laissez-faire" in French, which means "let do" is the slogan of the liberalism of the 18th Century.
2006-09-10 11:24:39 · answer #3 · answered by Gabrio 7 · 0⤊ 0⤋
the way you spelled it means nothing but the correctly spelled word from the french means a hands off economy a free open market for competition with out any government interference hope this helps gORBALIZER
2006-09-10 13:49:38 · answer #4 · answered by gorbalizer 5 · 0⤊ 0⤋
it's the foundation of Western economic systems: bsaically it de-emphasizes the state in matters of trade and business. it's an ideology that still drives the opinions and decisions of a lot of law makers.
2006-09-10 11:22:40 · answer #5 · answered by kujigafy 5 · 1⤊ 1⤋
some people are so rude...its a economic principle meaning free trade...or a economic system free of government influence.
2006-09-10 13:34:48 · answer #6 · answered by prettygirl_angel2007 2 · 0⤊ 0⤋
it's a type economic system
2006-09-13 23:58:44 · answer #7 · answered by jaspers mom 5 · 0⤊ 0⤋